In the field of digital art trading, the NFT (Non-Fungible Token) trading platform OpenSea has once again caused an uproar. The latest news shows that the OpenSea website has crashed again and maintenance work has lasted for more than 12 hours. This news has triggered widespread attention and heated discussion in the industry. This article will deeply explore the reasons and impacts of the OpenSea website’s continuous downtime as well as the future development trends of the industry, and will lead you to open a new chapter in this digital art transaction.

Yesterday (9) at around 9 o'clock in the evening, some users responded on Twitter: the OpenSea website crashed! Unable to go online or very slow. Soon OpenSea
API also posted an announcement stating that OpenSea is undergoing website maintenance, which may cause delays in collecting statistical data; in addition, the floor price comparison function for orders has been temporarily deleted before the maintenance is completed.

After 12 hours, the official website of OpenSea still shows the announcement that it is under maintenance. Although the website can be browsed normally, some netizens are still waiting for the repairs to be completed because they are worried that it will cause incorrect transactions.

**Netizens are complaining**

In fact, this is not the first time OpenSea has failed. In addition, the maintenance time this time is longer than in the past, which has caused dissatisfaction among many netizens. They complained that it was another day of OpenSea failure and it was time to leave OpenSea. Oh... In addition, some netizens are worried that their transaction fees will not be refunded due to a malfunction?

Some netizens even began to speculate whether there was some unexpected problem that caused this maintenance to take so long? However, before the deadline, the official still only stated that it was accelerating maintenance, and did not update any relevant reasons for the crash.

In addition, some projects happen to be casting during this period, and delays occur. Users are asked to wait patiently.

**Trading volume has been rising again recently**

According to data from DuneAnalytics, OpenSea’s transaction volume began to slow down after August last year, but its monthly transaction volume increased again in December, setting a record for the second-highest transaction in history; transactions on Polygon also exceeded 65 million. The U.S. dollar hit an all-time high.

After entering the new year of 2022, transaction volume has remained at a high level or even trended higher. There may be a chance to surpass last year's record this month and reach a new high.

**OpenSea completes Series C financing with US$300 million**

According to previous reports, OpenSea founder and CEO Devin
Finzer said in a statement on the 4th that OpenSea has completed a US$300 million Series C financing with a valuation of US$13.3 billion, led by Paradigm and Coatue, with Devin
Finzer said: We are committed to expanding the entire NFT ecosystem. This season we will launch a payment plan to directly support NFT developers, builders and creators. Our goal is to promote the scale growth of the extensive NFT ecosystem. , including those who enhance the image of emerging creators and invest in the NFT space.