• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

OpenSea effectively raised $ 300 million, bringing the valuation to $ 13.three billion for the corporation

195
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

In purchase to increase the remarkable development of the NFT market in current many years, the world’s biggest NFT industry OpenSea effectively raised $ 300 million, taking the company’s valuation to a record higher.

OpenSea successfully raised $ 300 million, bringing the valuation to $ 13.3 billion for the company
OpenSea effectively raised $ 300 million, bringing the valuation to $ 13.three billion for the corporation

The round was led by Coatue and Paradigm, the biggest $ two.five billion investment fund in the cryptocurrency market. Investors valued OpenSea at $ 13.three billion, up sharply from $ one.five billion due to the fact the $ one hundred million Series B funding round announced in July 2021.

Related articles

Hong Kong cryptocurrency exchange Hounax scammed users out of $15.4 million

Hong Kong cryptocurrency exchange Hounax scammed consumers out of $15.four million

November 27, 2023
New CEO Richard Teng wants to turn Binance into "a normal financial company"

New CEO Richard Teng desires to flip Binance into “a normal financial company”

November 27, 2023

.@dfinzer And @xanderatallah have proven genuine grit above the previous four many years with @offshore, resisting many years of uncertainty and sticking to their vision of NFTs as the Internet and primitive that adjustments the globe.https://t.co/YoT8XriPyW

– Fred Ehrsam (@FEhrsam) January 5, 2022

The 4 objectives that OpenSea has set for its newest grant contain accelerating solution advancement, considerably bettering buyer assistance and safety, and considerable investments in the NFT and Web3 communities, as effectively as building the company’s group. .

OpenSea has established itself as the premier location for NFT trading. In the previous thirty days alone, the industry has recorded one.six million Ethereum transactions and a trading volume of $ two.43 billion. On a greater scale, OpenSea’s transaction volume will boost much more than 600 occasions by 2021.

OpenSea performance analysis.  Source: Dappradar
OpenSea functionality evaluation. Source: Dappradar

Additionally, OpenSea has just welcomed Shiva Rajaraman as their new Product Manager. Shiva joined OpenSea from Meta (formerly Facebook) exactly where he held the function of VP of Commerce. Before joining Meta, he invested time on YouTube, Spotify, and WeWork.

The move comes immediately after OpenSea all of a sudden announced its approach to hold an IPO alternatively of issuing tokens, leaving the NFT local community connected to the platform a small disappointed. However, with the arrival of OpenDAO (SOS), which has distributed tokens to OpenSea customers, we can count on SOS to develop into the platform’s key token in the close to potential.

However, the OpenSea fundraising occasion is a different huge indicator of the cryptocurrency investment boom, with above $ thirty billion poured into crypto startups by 2021. The FTX exchange’s extraordinary fundraising occasion in October from 69 new traders raised the company’s valuation to a whopping $ 25 billion.

While OpenSea may perhaps hold the crown of the NFT industry, there is nevertheless stiff competitors going on proper now. Dapper Labs, the corporation behind NBA Top Shot and blockchain Flow, received a valuation of $ seven.six billion in September in a different funding round led by Coatue.

Synthetic Currency 68

Maybe you are interested:

Maybe you are interested:

Tags: billionbringingCOMPANYmillionOpenSeaRaisedSuccessfullyvaluation
Share78Tweet49

Related Posts

LayerZero CEO Accuses Hyperlane of Wash Trading Manipulation

by shark
June 6, 2025
0

LayerZero's CEO highlights suspected Hyperlane wash trading, impacting token distribution and sparking industry debate.

Coinbase Adds Fartcoin and Subsquid to Listing Roadmap

by shark
June 6, 2025
0

Coinbase lists Fartcoin and Subsquid, boosting their market visibility and trading volumes.

Elon Musk Supports Trump’s Impeachment, Favors JD Vance

by shark
June 6, 2025
0

Elon Musk backs Trump impeachment, hints at replacing him with JD Vance. SpaceX Dragon decommissioning impacts U.S. space missions while...

Trump’s Plan to End Musk’s Government Subsidies Sparks Market Reaction

by shark
June 6, 2025
0

Donald Trump proposes terminating Elon Musk's government subsidies, affecting markets and contracts.

Circle’s Stock Soars on NYSE Debut

by shark
June 6, 2025
0

Circle's stock opened at $69 on its NYSE debut, showcasing strong investor interest and marking a significant step in the...

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • LayerZero CEO Accuses Hyperlane of Wash Trading Manipulation
  • Coinbase Adds Fartcoin and Subsquid to Listing Roadmap
  • Elon Musk Supports Trump’s Impeachment, Favors JD Vance
  • Trump’s Plan to End Musk’s Government Subsidies Sparks Market Reaction
  • Circle’s Stock Soars on NYSE Debut
  • Trump-Musk Relationship Strained Amid Policy Disagreements
  • Tether Invests in Shiga Digital, Expanding African Blockchain Services
  • Total Crypto Trading Volume Reaches $80 Trillion Milestone
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7