The latest covalent data in Cointelegraph Consulting’s monthly newsletter indicates that the premium non-fungal, or NFT, market has its own whales.
The largest user, OpenSea, has a capital reserve of $ 192 million, while the other users in the top 20% of the value are only $ 8 million. Similarly, Rarible has a whale with $ 311 million in its wallet, while the other 20% of active users have a total of $ 9.2 million.
OpenSea positions itself as the largest NFT market. In fact, the platform is the market leader with over US $ 153 million in NFT transactions made with 97,072 different transfers since early 2021. The main competitor, Rarible, is in second place with $ 33,794,800 in NFT transactions across 37,630 transfers since early in 2021. 2021 g.
Cointelegraph Consulting’s weekly report explains the trends in institutional demand for capital and the allocation of capital over the past two weeks. More than $ 750 million was raised in the first five rounds of funding in two weeks, with Blockchain.com receiving the third largest capital increase in the blockchain industry. In particular, the NFT OpenSea market has completed a financing round of 23 million dollars led by Andreasen Horowitz in the middle of NFT mania.
We also congratulate our partner, Covalent, for completing a round of strategic financing led by industry leaders Hashed VC, Binance Labs, Coinbase Ventures and Delphi Digital.
As for other hot trends, the race to register a Bitcoin Trading Fund (BTC) is in full swing, with three more companies submitting rule change requests to the US Securities and Exchange Commission. Fidelity Investments, SkyBridge Capital and WisdomTree are tracking VanEck and Valkyrie Digital Assets’ attempts to incorporate a regulated Bitcoin ETF.
Morgan Stanley became the first major US bank to give its institutional customers access to bitcoin money. The measure encourages fierce competition among suppliers of funds. In response, NYDIG reduced access fees to 0.3%, six times less than its nearest competitor, Grayscale Bitcoin Trust.
Read the full newsletter here for more news and signals with detailed diagrams and pictures.