Why should you start an NFT marketplace like OpenSea?
OpenSea is one of the popular NFT marketplaces that creates a lot of attention to many fintech entrepreneurs. But, in the initial stage, they earned just $251/per month. Within a year, their monthly fee exceeds $50K. In 2020, their total profit raises to $100K. Finally, 2021, was one of the best years for OpenSea, because the NFT sales and their trade volume hit an all-time high and reached nearly up to 2 Billion and cover the entire NFT market sphere. The founder and owner of the NFT marketplace can earn in many ways such as listing fee, commission fee with some percentage, Bidding fee, and so on. In the beginning stage, OpenSea entered the race with other popular NFT marketplaces. Now, it has gained a lot of potential to beat the other big fish in the NFT market with its own business model. This strategy such as one-time registration to sell unlimited NFTs and low commission feed has been implemented by them to gain a lot of creators towards this platform. The notable thing is ...