Jump to content

NFT Marketplace Opensea Raises $100 Million — Firm Becomes a Blockchain Unicorn - Piracy News and Crypto Updates - InviteHawk - Your Only Source for Free Torrent Invites

Buy, Sell, Trade or Find Free Torrent Invites for Private Torrent Trackers Such As redacted, blutopia, losslessclub, femdomcult, filelist, Chdbits, Uhdbits, empornium, iptorrents, hdbits, gazellegames, animebytes, privatehd, myspleen, torrentleech, morethantv, bibliotik, alpharatio, blady, passthepopcorn, brokenstones, pornbay, cgpeers, cinemageddon, broadcasthenet, learnbits, torrentseeds, beyondhd, cinemaz, u2.dmhy, Karagarga, PTerclub, Nyaa.si, Polishtracker etc.

NFT Marketplace Opensea Raises $100 Million — Firm Becomes a Blockchain Unicorn


Recommended Posts

Opensea has become the latest non-fungible token (NFT)-focused firm to raise funds this year as the company announced raising $100 million in a Series B this week. The venture capital firm Andreessen Horowitz led the Opensea financing round alongside investors like Kevin Durant, Ashton Kutcher, and Tobi Lutke.

NFT Marketplace Opensea Joins the Blockchain Unicorns, Project Now Supports Polygon

One of the largest non-fungible token (NFT) marketplaces today, Opensea, has announced the company has raised $100 million in a Series B funding round. Additionally, the project also announced it was expanding its features to “cross-blockchain support” and Opensea will start supporting the Polygon blockchain. The funding round led by Andreessen Horowitz (a16z) puts Opensea into the unicorn status of blockchain startups with a valuation of $1.5 billion after the Series B.

“At Opensea, we believe NFTs are emerging as one of the first consumer-oriented killer applications for blockchains,” the company said during the funding announcement. “NFTs are a simple primitive for digital goods (think digital art, game items, domain names, and more) with brand new properties: they’re unique, provably scarce, liquid, user-owned, and usable across multiple applications,” the firm added.

In addition to a16z, Opensea’s Series B saw participation from Coatue, as well as investors like Michael Ovitz, Kevin Hartz, Dylan Field, Kevin Durant, Ashton Kutcher, and Tobi Lutke. “NFTs represent the building blocks for brand new peer-to-peer economies, where users have greater freedom and ownership over their data, and developers can build powerful, interoperable applications to provide real economic value to users,” Opensea’s funding announcement emphasizes.

Opensea Swims in an Ocean of NFT Marketplace Competitors Raising Money

According to 30-day statistics from Dune Analytics, Opensea’s sales volume is the highest ever for the month of July surpassing last month’s record-breaking data. July has seen $174.6 million in volume but daily volume is lower than usual at $4.4 million.

Daily statistics from Dune Analytics indicate that during the first week of May, Opensea saw $23.1 million on May 4. As far as Polygon Opensea support, users can test it out today by visiting Opensea’s Matic web page. “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,” the company noted.

Opensea’s Series B follows a number of NFT-focused markets that have been able to raise millions to expand the NFT industry. Enjin raised $20 million in a token sale for the Efinity NFT marketplace that supports the Polkadot blockchain. The NFT market Rarible raised over $14 million recently and it plans to launch on the Flow blockchain.

The Mark Cuban-backed non-fungible token (NFT) marketplace Mintable raised $13 million in a Series A funding round during the first week of July. Investors and venture capital firms seem to believe that the NFT hype will stick around for quite some time, and Opensea’s latest funding shows the trend continues.

Link to comment
Share on other sites

Avoid unnecessary posts such as 'Thank you', 'Welcome', etc. Such posts will be deleted and user will be warned if it happens again. If caught spamming, the following actions are applicable -

  • First time - Warning
  • Second time - 5000 Points will be deducted
  • Third time - Ban for 7 days
  • Fourth time - Permanent Ban

If the post helped you, reward the user by reacting to the post like this -

1.jpg

Link to comment
Share on other sites

The last post in this topic was made more than 14 days ago. Only post in this topic if you have something valuable to add. Irrelevant posts are not allowed and you will be warned/banned for spamming old topics.

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Read this before posting -
  • Only post if you have something valuable to contribute.
  • Avoid unnecessary posts such as 'Thank you', 'Welcome', etc. Such posts will be deleted and you will be warned if it happens again.
  • If the post helped you, reward the user by reacting to the post like this -                      1.jpg
Guest
Unfortunately, your content contains terms that we do not allow. Please edit your content to remove the highlighted words below.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Customer Reviews

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.