OpenSea’s Single-day Transaction Volume Exceeded $260 Million Due To The Launch of Jay Chou’s Phanta Bear NFT Collection

OpenSea’s single-day transaction volume exceeded $260 million on January 9 because of Jay Chou’s Phanta Bear NFT Collection launch.

Jay Chou’s fashion label PHANTACi and Ezek, a blockchain entertainment platform, have collaborated to create virtual bear avatars. The 10,000 NFT pieces were all sold in less than 40 minutes on January 1, for a total of $10 million. Each Phanta Bear was sold for 0.26 Ether (ETH), which is almost $1,000 USD. The whole turnover came to $10 million dollars in the end.

This event had a big impact on the trading volume of OpenSea. Since entering 2022, OpenSea’s single-day trading volume has exceeded $200 million for 6 days. Especially on January 9, OpenSea’s single-day transaction volume exceeded $260 million, the highest in the past three months.

On December 18, Ezek annouced the Phanta Bear NFT Collection launch and introduced Jay Chou’s fashion label on Twitter.

Jay Chou and his friend Ric created the fashion label PHANTACi in 2006. Jay came up with the name PHANTACi by combining the words Fantasy and Phantom.

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