OpenSea Hits $10 Billion Sales Volume Milestone: What Investors Should Know and How It Could Be Good News for Coinbase

OpenSea logo displayed on a phone screen, representation of cryptocurrencies and NFT logo displayed on a laptop screen are seen in this illustration photo taken in Krakow, Poland on Aug. 26, 2021. Jakub Porzycki/NurPhoto Via Reuters

The largest non-fungible token (NFT) marketplace has hit another impressive milestone in 2021 amidst growth in that market.

What Happened

OpenSea has surpassed the $10 billion sales volume milestone, just three months after passing the $1 billion mark.

The milestone was broken down by Mason Nystrom of Messari Crypto on Twitter. OpenSea had sales volume of $24 million in 2020, $8 million in 2019 and $473,000 in 2018.