To understand how much an NFT marketplace is a profitable business concept, just take a look at the latest statistics
OpenSea generated a revenue of $365 Million in 2021. This is one of the most popular NFT marketplaces that allow users to buy, sell, trade, exchange, and even create their own NFTs along with other digital assets.
OpenSea, which was launched in 2017, has become the world’s largest NFT marketplace in just 5 years and raised a total of $427 million as of now.
Therefore, the idea of developing an NFT marketplace like OpenSea is grabbing much attention these days among startups and NFT investors.