{"id":73553,"date":"2025-09-09T14:40:41","date_gmt":"2025-09-09T11:40:41","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=73553"},"modified":"2025-09-09T14:45:58","modified_gmt":"2025-09-09T11:45:58","slug":"opensea-establishes-1-million-nft-reserve","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/opensea-establishes-1-million-nft-reserve\/","title":{"rendered":"OpenSea Establishes $1 Million NFT Reserve"},"content":{"rendered":"<p>The marketplace OpenSea has announced the creation of a $1 million reserve consisting of &#8220;culturally significant&#8221; non-fungible tokens (NFTs).<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Unveiling the OpenSea Flagship Collection.<\/p>\n<p>A $1M+ cultural reserve committed to acquiring, curating, and celebrating digital art and culture.<\/p>\n<p>Our first piece? CryptoPunk 5273.<\/p>\n<p>More about the OpenSea Punk below. \ud83d\udc47 <a href=\"https:\/\/t.co\/fRNiVmjPdD\">pic.twitter.com\/fRNiVmjPdD<\/a><\/p>\n<p>\u2014 OpenSea (@opensea) <a href=\"https:\/\/twitter.com\/opensea\/status\/1965133373489484275?ref_src=twsrc%5Etfw\">September 8, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>CryptoPunk #5273 became the platform&#8217;s first acquisition. According to on-chain data, the token was purchased on August 26 for 65 ETH (approximately $283,000 at the current rate) and was moved to another wallet on September 8.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"672\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/image3-213-1024x672.png\" alt=\"image3\" class=\"wp-image-265432\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/image3-213-1024x672.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/image3-213-300x197.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/image3-213-768x504.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/image3-213.png 1177w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.cryptopunks.app\/cryptopunks\/details\/5273\">cryptopunks.app<\/a>.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;CryptoPunks were among the first NFTs on Ethereum. 10,000 pixelated characters that inspired an entire cultural movement. Our OpenSea Punk perfectly embodies the essence of outsiders, hackers, creators,&#8221; the marketplace stated in a publication.<\/p>\n<\/blockquote>\n<p>OpenSea will continue to purchase NFTs. The platform has created a <a href=\"https:\/\/opensea.io\/OpenSeaFlagshipCollection\">dedicated page<\/a> to track the portfolio.<\/p>\n<h2 class=\"wp-block-heading\"><strong>NFT Landscape<\/strong><\/h2>\n<p>According to <a href=\"https:\/\/www.cryptoslam.io\/nftglobal?timeFrame=week\">CryptoSlam<\/a>, in July and August, the non-fungible token sector showed signs of recovery: weekly volumes during this period ranged from $115.4 million to $170.5 million. However, in September, the trend slowed, and the figure dropped to $92 million.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"453\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/image-698-1024x453.png\" alt=\"image\" class=\"wp-image-265430\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/image-698-1024x453.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/image-698-300x133.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/image-698-768x340.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/image-698-1536x679.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/image-698.png 1762w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: CryptoSlam.<\/figcaption><\/figure>\n<p>Despite the summer recovery, various crypto exchanges, including Bybit and Kraken, as well as larger companies like <a href=\"https:\/\/forklog.com\/en\/news\/gamestop-to-close-nft-platform-amid-regulatory-uncertainty\">GameStop<\/a>, closed their NFT trading platforms.<\/p>\n<p>In September, the British auction giant Christie\u2019s joined them. According to <a href=\"https:\/\/nowmedia.co\/posts\/christies-shutters-digital-art-department\">Now Media<\/a>, the organization will continue to sell digital art, but as part of a broader category of 20th and 21st-century art.<\/p>\n<p>Christie\u2019s consultant Fanny Lacoubay <a href=\"https:\/\/x.com\/flakoubay\/status\/1965091868120658137\">stated<\/a> that the company&#8217;s actions may be related to the &#8220;current contraction of the art market.&#8221;<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Auction houses cannot justify the existence of an entire department if it generates less revenue than others, despite several recent successful sales,&#8221; she noted.<\/p>\n<\/blockquote>\n<p>Currently, the only fully successful NFT segment is <a href=\"https:\/\/forklog.com\/en\/news\/telegrams-pavel-durov-receives-nft-frog-valued-at-4-million-rubles\">Telegram gifts<\/a>. According to <a href=\"https:\/\/giftstat.com\/\">GiftStat<\/a>, over the past month, the capitalization of this area nearly doubled\u2014from 26.5 million TON to 50.9 million TON (from approximately $79 million to $159 million).<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/image-698.webp\" alt=\"image\" class=\"wp-image-265431\"\/><figcaption class=\"wp-element-caption\">Source: GiftStat.<\/figcaption><\/figure>\n<p>Partner at TVM Ventures Howard Peng highlighted the five largest sales of the past week.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udcc8 Top 5 sales by collections last week on the markets:<\/p>\n<p>1\/ Cozy Galaxy #1847 (<a href=\"https:\/\/t.co\/GAk9RwCqBU\">https:\/\/t.co\/GAk9RwCqBU<\/a>) for $120,120 (purchased through GetGems<\/p>\n<p>2\/ Heart Locket #875 (<a href=\"https:\/\/t.co\/91MWvWvtEq\">https:\/\/t.co\/91MWvWvtEq<\/a>) for $41,272 (purchased through GetGems \/ <a href=\"https:\/\/twitter.com\/getgemsdotio?ref_src=twsrc%5Etfw\">@getgemsdotio<\/a><\/p>\n<p>3\/ Santa Hat #1\u2026 <a href=\"https:\/\/t.co\/RLmjUthQIl\">pic.twitter.com\/RLmjUthQIl<\/a><\/p>\n<p>\u2014 Howard | Build on Telegram \ud83d\udc8e (@0xHoward_Peng) <a href=\"https:\/\/twitter.com\/0xHoward_Peng\/status\/1965293348484514101?ref_src=twsrc%5Etfw\">September 9, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<ul class=\"wp-block-list\">\n<li>Cozy Galaxy #1847 \u2014 $120,120;<\/li>\n<li>Heart Locket #875 \u2014 $41,272;<\/li>\n<li>Santa Hat #1 \u2014 $10,780;<\/li>\n<li>Mighty Arm #918 \u2014 $9,548;<\/li>\n<li>Loot Bag #6026 \u2014 $9,237.<\/li>\n<\/ul>\n<p>Back in July, the public company GameSquare <a href=\"https:\/\/forklog.com\/en\/news\/gamesquare-acquires-cryptopunk-nft-for-5-15-million\">acquired<\/a> a CryptoPunk NFT for its treasury reserve for $5.15 million.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The marketplace OpenSea has announced the creation of a $1 million reserve consisting of &#8220;culturally significant&#8221; non-fungible tokens.<\/p>\n","protected":false},"author":1,"featured_media":73554,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"The first purchase was CryptoPunk #5273.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1432,1213,1265],"class_list":["post-73553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptopunks","tag-nft","tag-opensea"],"aioseo_notices":[],"amp_enabled":true,"views":"192","promo_type":"1","layout_type":"1","short_excerpt":"The first purchase was CryptoPunk #5273.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=73553"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73553\/revisions"}],"predecessor-version":[{"id":73555,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73553\/revisions\/73555"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/73554"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=73553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=73553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=73553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}