OpenSea sees transaction volume increase since July

TL;DR Breakdown • NFT auctions have increased on the OpenSea platform since the end of July.• The NFT auction platform will have the “Bored Ape Yacht Club” collection until September 9. NFTs platform OpenSea has been trending since last month when it hit $3.4 billion in crypto trading volume. According to announcements, the non-fungible token trades have increased operations by 10 times since July. The crypto company has improved its operations, and this has brought incredible interest in the NFT market. Blockchains such as Ethereum, Solana, and Smart Contracts are also linked to the rise in prices. OpenSea moves up with NFT adoptions The Mercuryo CEO, Petr Kozyakov, clarifies that many non-fungible tokens are created on the Ethereum Blockchain, increasing the token’s demand and value. Kozyakov says this based on the 20.09 percent increase in the Ethereum price in the last seven days, trading today at $3,927. CryptoPunk has been the most attractive NFT project on OpenSea; the collection has 10,000 unique pieces. Recently, Visa bought a non-fungible token from CryptoPunk while auctioned; the piece was valued at $150,000. As expected, this Visa participation in the OpenSea NFT market was enough to enhance the reputation of the crypto platform. Since Visa made the purchase, over 90 pieces from the collection have been sold. Faced with such crypto movements, the head of crypto at Visa, Cuy Sheffield, said his t...