How Many People Use OpenSea in 2022? (Latest Data)

Last Updated: November 12, 2022
Here in this write-up, we’ll be talking about how many people use OpenSea.
How Many People Use OpenSea
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Quick Answer 🔍

How many people use OpenSea in 2022?

OpenSea has one million active users.

When thinking about how many people use OpenSea in 2022, the answer might surprise you.

The incredibly popular NFT marketplace has now managed to go past one million active wallets.

Leading NFT marketplace OpenSea has gone over one million active user wallets, and as a result, they have solidified their position as the most popular NFT marketplace in the industry.

This means that they officially have a market cap of $13.3 billion.

OpenSea is known for having an interface that is super user-friendly, which allows beginners and investors to navigate the huge expanse of NFTs in a manner that is simplified and easy to understand.

Based on points like this, you can see why OpenSea is doing so well in the world of NFTs.

OpenSea Has One Million Active Users in 2022

OpenSea

When considering how many people use OpenSea right now, according to statistics, they have established themselves as one of the leading marketplaces when it comes to trading NFTs.

One million active wallets is a pretty big deal, especially when you consider the competition out there.

Not only has OpenSea managed to surpass one million active wallets, but they have also proven to have some pretty incredible trading activity, especially at the beginning of 2022.

They said that they did almost $2 billion worth of trading in just a couple of weeks.

If they continue on with this trend, OpenSea could break previously set records when it comes to user activity.

As far as ownership goes, the majority of NFTs that are traded on OpenSea are Raribles, CryptoKitties, and Ethereum Name Service.

Each of these NFTs have over 100,000 owners respectively, but when it comes to the highest volume of any assets on the marketplace, it’s CryptoPunks and Bored Ape Yacht Club.

Back in January, OpenSea managed to secure a third funding round, where they were able to raise $300 million.

This put them as one of the leading players in the industry where their value was officially placed at $13.3 billion.

The world of NFT saw an exponential rise in 2021, where the sector capped at almost $23 billion in terms of trading value.

With such support on a global level, the NFT market is expected to increase even further in 2022, as predicted by a number of cryptocurrency analysts and financial analysts respectively.

Is Instagram Going to Jump on the NFT Bandwagon?

Instagram is potentially seeing the writing on the wall, which is why they are considering supporting NFTs, and introducing NFTs on their platform.

We all know that NFTs are taking over the world right now, which is why it is tempting for tech juggernauts like Instagram to include NFTs as a feature on their platforms.

Twitter decided to add NFTs in early 2022, which meant that people were able to upload NFTs for their display pictures.

YouTube has also jumped on the NFT bandwagon, because they have recently announced that they might soon integrate NFTs onto their platform.

Does Instagram Support the Idea of NFTs?

Mark Zuckerberg recently announced that Instagram NFTs are in the works.

As you can expect, the news of Instagram supporting NFTs was met with mostly positive responses across a variety of social media networks.

Binance, a cryptocurrency exchange, also reacted to the news, and announced that now might be the time to purchase more NFTs.

Release Date of Instagram NFTs

Now that Zuckerberg has given the green light when it comes to NFTs on Instagram, the actual release date of this feature is going to take a bit of time, because it is still in the works, and has a bit of a ways to go in terms of development.

However, hopefully by the end of 2022, or in early 2023, we will see NFTs on Instagram.

SHIB Holder Creating Shiba Inu Pop Figure

Are you somebody that would consider buying a cryptocurrency pop?

Right now, you are able to buy physical SHIB tokens, but there is one holder that wants to push these further, by creating a pop vinyl, based on Shiboshi NFTs.

Of course, there is a big difference between creating a concept, and then seeing that concept be turned into a product, so that it can hit the shelves.

There are skeptics out there that are unsure whether Funko is ever going to make a cryptocurrency.

However, they do believe that if this happened, the community would be very engaged around it.

Nike NFTs

OpenSea

Although it hasn’t been officially announced yet, Nike seems prepared to enter the NFT space as well, considering they have recently acquired a company that creates digital shoes.

2022 could indicate the year that more mainstream companies decide to dip their toe into the world of NFTs.

So, we suggest that you be on the lookout for more of these companies to come up with unique NFT ideas.

How Many People Use OpenSea Conclusion

As you can see from the article above about how many people use OpenSea, NFTs are pretty trending right now, and we don’t see any sign of them slowing down.

In fact, as more companies that are relatively mainstream decided to jump on this bandwagon, and see what it’s all about, we believe that the idea of NFTs will become more popular, and more valuable as well.

Considering that OpenSea now has more than one million active wallets, it’s clear that a lot of people are investing both Fiat and cryptocurrency money into this relatively new world of NFTs.

It’s also clear that thanks to major social media platforms out there, NFTs are going to pervade most parts of the Internet, so in the words of Binance, if you want to stay ahead of the curve when it comes to NFTs, and not get it behind, now might be the right time to purchase them.

Who knows how much your NFTs could be worth in a couple of years’ time, especially with the idea of Instagram jumping on the trend.

Sources

Gfinitye SportsDuneOpenSea
Gfinitye SportsGfinitye SportsForbes
Gfinitye SportsGfinitye SportsEngadget
Gfinitye Sports

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Written by Jason Wise

Hi! I’m Jason. I tend to gravitate towards business and technology topics, with a deep interest in social media, privacy and crypto. I enjoy testing and reviewing products, so you’ll see a lot of that from me here on EarthWeb.