It should be noted that the topic of NFT-tokens, which we have discussed in a separate article, continues to be in great demand. In particular, the popularity of the corresponding query on Google is now at its peak. This means that a huge number of investors are becoming acquainted with the topic and are studying it.

Popularity of enquiry about “NFT-tokens” on Google

It’s being promoted by celebrity activity. In particular, in a new music video Post Malone, along with The Weeknd, is the first to buy an NFT token from the popular Bored Ape Yacht Club collection. This takes place in the first seconds of the video below.

Against the backdrop of what’s happening, the main NFT transaction platform is in demand and attracting investor funds.

Where NFT tokens are being bought

NFT is the backbone of OpenSea’s business model. As such, it’s not surprising that the hype around unique tokens has made the platform one of the most popular portals for exchanging them. It hosts auctions of famous NFT collections such as CryptoPunks, Bored Ape Yacht Club and Cool Cats.

Transaction volume growth on OpenSea

According to sources, the aforementioned funding round will be the third in the platform’s history. In March, it raised $23 million from Andreessen Horowitz funds as well as investment firms managed by businessmen Nawal Ravikant and Mark Cuban. In July, a second round was held for $100 million, raising the value of OpenSea to $1.5 billion.


We have checked the current data: OpenSea is indeed in demand by investors. In particular, the platform is responsible for burning the highest volume of ethers as commissions. As of today, more than 943 thousand coins have been destroyed on the Ethereum network. More than 100,000 ETH of that amount is accounted for by the OpenSea platform. Accordingly, the platform has made the largest contribution to burning Ethers and pushing the asset in the direction of its new deflationary role.

As a reminder, the high transaction costs of NFT tokens are due to the complexity of the smart contracts on which the unique coins are based. They use many features that require more processing power. This has a direct impact on the fees required to pay for NFT transactions.

Share of burned ethers as commissions depending on project

Video card manufacturer Nvidia, on the other hand, is not doing as well as the OpenSea platform. Sales of devices called CMP, specifically designed by the company for cryptocurrency mining, fell nearly 60 percent in the third quarter of this year, Decrypt reports. According to Nvidia’s third quarter earnings report, revenue from sales of cryptocurrency mining products fell from $266 million in the second quarter of the year to $105 million in the third quarter.

Nvidia CMP

As a reminder, Nvidia launched the CMP line in response to huge demand for its own graphics cards. Due to the shortage of hardware, the company could not meet the demand of its core audience – gamers. Specialized devices for miners were supposed to solve the problem, but Nvidia predicts that their sales will continue to fall in the coming months.


On top of that, Nvidia has started releasing video cards with limited power for mining - they're called LHR video cards. If anything, we've already found a way to unlock the potential of such devices. Read more about this in a separate article.

Nvidia’s video card shortage


We think that such figures for a company of this scale are quite logical. After all, the cryptocurrency industry itself is now valued at $2.6 trillion, and the figure has recently exceeded the $3 trillion level. And with unique NFTs being the real driver of the hype around crypto today, having a large amount of funds in the niche seems well deserved.

Look for even more interesting stuff in our millionaires cryptochat. There, we’ll discuss other topics that affect the world of decentralisation.