Opensea has turn into the newest non-fungible token (NFT)-focused agency to lift funds this 12 months as the corporate introduced elevating $100 million in a Sequence B this week. The enterprise capital agency Andreessen Horowitz led the Opensea financing spherical alongside traders like Kevin Durant, Ashton Kutcher, and Tobi Lutke.
NFT Market Opensea Joins the Blockchain Unicorns, Mission Now Helps Polygon
One of many largest non-fungible token (NFT) marketplaces as we speak, Opensea, has introduced the corporate has raised $100 million in a Sequence B funding spherical. Moreover, the venture additionally introduced it was increasing its options to “cross-blockchain assist” and Opensea will begin supporting the Polygon blockchain. The funding spherical led by Andreessen Horowitz (a16z) places Opensea into the unicorn standing of blockchain startups with a valuation of $1.5 billion after the Sequence B.
“At Opensea, we imagine NFTs are rising as one of many first consumer-oriented killer functions for blockchains,” the corporate stated through the funding announcement. “NFTs are a easy primitive for digital items (suppose digital artwork, sport gadgets, domains, and extra) with model new properties: they’re distinctive, provably scarce, liquid, user-owned, and usable throughout a number of functions,” the agency added.
Along with a16z, Opensea’s Sequence B noticed participation from Coatue, in addition to traders like Michael Ovitz, Kevin Hartz, Dylan Discipline, Kevin Durant, Ashton Kutcher, and Tobi Lutke. “NFTs signify the constructing blocks for model new peer-to-peer economies, the place customers have better freedom and possession over their knowledge, and builders can construct highly effective, interoperable functions to offer actual financial worth to customers,” Opensea’s funding announcement emphasizes.
Opensea Swims in an Ocean of NFT Market Rivals Elevating Cash
In response to 30-day statistics from Dune Analytics, Opensea’s gross sales quantity is the best ever for the month of July surpassing final month’s record-breaking knowledge. July has seen $174.6 million in quantity however day by day quantity is decrease than standard at $4.4 million.
Every day statistics from Dune Analytics point out that through the first week of Could, Opensea noticed $23.1 million on Could 4. So far as Polygon Opensea assist, customers can try it out as we speak by visiting Opensea’s Matic web page. “Consumers now not must pay blockchain charges when making trades on Opensea, and creators can absolutely earn their manner into crypto for the primary time,” the corporate famous.
Opensea’s Sequence B follows various NFT-focused markets which were in a position to elevate thousands and thousands to increase the NFT trade. Enjin raised $20 million in a token sale for the Efinity NFT market that helps the Polkadot blockchain. The NFT market Rarible raised over $14 million not too long ago and it plans to launch on the Circulation blockchain.
The Mark Cuban-backed non-fungible token (NFT) market Mintable raised $13 million in a Sequence A funding spherical through the first week of July. Traders and enterprise capital companies appear to imagine that the NFT hype will stick round for fairly a while, and Opensea’s newest funding reveals the development continues.
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