New York-based non-fungible token (NFT) marketplace OpenSea said it raised USD 100m, valuing the company at USD 1.5bn and bringing more capital to fuel NFT adoption.
The investment round, that followed a USD 23m Series A round in March, was led by Andreessen Horowitz (a16z), with participation from Coatue, along with Michael Ovitz, Kevin Hartz, Dylan Field, Kevin Durant, Ashton Kutcher, and Tobie Lutke, the company said.
The company claims that its "broader mission is to help create the systems and standards that enable the conversion of all types of digital wealth into forms that are truly ownable and freely exchangeable."
OpenSea also announced cross-blockchain support, starting with a gas-free marketplace on the Polygon (MATIC) blockchain. "Buyers no longer have to pay blockchain fees when making trades on OpenSea, and creators can fully earn their way into crypto for the first time," they said.
"We’re making the product more accessible to a mainstream consumer by building out kind of the core marketplace onboarding and really solidifying OpenSea as the brand directly tied to NFTs, very similar to how Coinbase established itself as the brand around cryptocurrency," Devin Finzer, CEO of OpenSea, told VentureBeat.
The startup saw USD 160m in sales last month and is on track to blow past that figure this month, Finzer told TechCrunch.
Every trader who trades cryptocurrency on the Binance exchange wants to know about the upcoming pumping in the value of coins in order to make huge profits in a short period of time.
This article contains instructions on how to find out when and which coin will participate in the next “Pump”. Every day, the community on Telegram channel Crypto Pump Signals for Binance publishes 1-2 free signals about the upcoming “Pump” and reports on successful “Pumps” which have been successfully completed by the organizers of the VIP community.
These trading signals help earn from 20% to 150% profit in just a few hours after purchasing the coins published on the Telegram channel “Crypto Pump Signals for Binance”. Are you already making a profit using these trading signals? If not, then try it! We wish you good luck in trading cryptocurrency and wish to receive the same profit as VIP users of the Crypto Pump Signals for Binance channel. Examples can be seen on this page!