Opensea has traded nearly $100 million in the past two days, do you know what to do?
On August 2, OpenSea co-founder and CEO Devin Finzer tweeted that the platform processed $95 million worth of transactions in two days. Finzer estimates that OpenSea processed $21 million in transaction volume for all of 2020. Since 2020, OpenSea's daily transaction volume has increased by more than 650 times.
This news is enough for us to see the rapid development and current heat of the NFT market.
Open the OpenSea data statistics page of Dune Analytics and you will find that on July 31 and August 1, the single-day transaction volume of the world's largest NFT trading platform reached as high as 39.46 million US dollars and 53.74 million US dollars, refreshed for two consecutive days The highest record in history, the transaction volume on August 1st even reached almost three times the previous highest record before last weekend.
Not long ago, with the popularity of a batch of avatar-like NFTs, many people gradually changed from being excited at the beginning to aesthetic fatigue later. Although the overall trading volume was not bad, the mood of the entire market seemed to gradually become depressed. Is that what makes NFT another hot wave?
The reason is to start with an anonymous address starting with 0x650d. This mysterious address bought two CryptoPunks at a total price of nearly 50 ETH on July 30, and he bought 102 CryptoPunks in a row the next day. The price of the CryptoPunk bought by this address is between 23ETH and 29ETH, with an average unit price of 25.8 ETH. Including the 2 previously bought, the total cost is as high as 2700 ETH.
Although a follow-up Twitter user named 0x650d stood up and stated that the wallet address that bought a large amount of CryptoPunk belonged to him, not the so-called Three Arrows Capital. However, netizens speculated that since this Twitter account itself is also anonymous and was only created in July 2021, some people still think that there may be a certain big capital behind this account.
A stone stirs up a thousand waves. Well-known investor Gary Vaynerchuk and other celebrities from all walks of life have also bought CryptoPunk, and Gary Vaynerchuk even bluntly said that he "has incredible confidence in this asset." As people buy in large numbers, will there be a big wave of capital coming in next? With the price of CryptoPunk driving higher and higher, could the next NFT collectible to add to the portfolio be the Bored Ape Yacht Club?
It is reported that before last weekend, the voice of the Bored Ape Yacht Club community became smaller and smaller. Earlier, Bored Ape Yacht Club airdropped a dog to each monkey holder, and announced that in July, special rewards will be issued to users who hold dogs and users who hold monkeys and dogs at the same time. The dog not only has a well-designed appearance, but also buries various easter egg elements, which makes them sell for tens of thousands of yuan even though they are airdrop rewards, which makes the holders look forward to it.
However, in the end, what people waited for was just an NFT airdrop that could be exchanged for a physical basketball, and the so-called exchange still required the holder to pay $100. This disappointed many Bored Ape Yacht Club NFT holders, who began to sell their collections of monkeys and dogs. The prices of the two fell all the way. The holders who were not firm enough believed that the project was getting farther and farther away on the road to failure. Some staunch holders are lamenting that the second bear market is coming.
The confidence of supporters has also been affected by the rumours. They believe that assets that will be valued by well-known investors must be valuable and have potential. If it is true that Sanjian Capital participated in the NFT layout as rumored, then more capital will definitely join in the future, and the purchase objects will not only be limited to CryptoPunk, but may also be other NFT projects. It is this FOMO sentiment that drives people to want to buy NFT at a relatively low price before the next large-scale capital purchase.
On the other hand, this kind of series of NFT collections is not like the low liquidity of a single artwork that people are familiar with before, and it is difficult to predict the future value. Although they are NFT, they also carry the attributes of FT . Investors of ERC-20 tokens can participate in NFT investment in a familiar way. For example, if you are optimistic about a certain NFT collectible series but don’t want to pay attention to the rarity and aesthetics of the attributes, then you can use the most common way for NFT collectible investors at present: buy floor-priced NFTs. In this way, you only need to wait for the floor price to gradually rise to the psychological price, and then sell the NFT at the floor price at that time.
The era of NFT has come, no matter whether there is the participation of Sanjian Capital or not, people now know that investors can invest in NFT by investing in ERC-20 tokens, and this will also make capital choose to put NFT in their own in the portfolio. Maybe the next time it will be the big capital to sweep the goods, maybe then it will be the bright era of NFT.
