NFT Marketplace OpenSea Hits $1.5 Billion USD Valuation After Latest Funding Round

The NFT market is still going strong.

Tech 
1,017 Hypes 1 Comments

NFT marketplace OpenSea has raised $100 million USD and hit a valuation of $1.5 billion USD in its latest funding round.

Venture capital firm Andreessen Horowitz led the Series B funding, alongside other crypto investors like Walt Disney president Michael Ovitz, NBA star Kevin Hart and Ashton Kutcher, among others.

“It’s becoming increasingly clear that blockchains represent one of the most exciting paradigm shifts in the history of technology,” the company said in a blog post. The company also announced its expanded blockchain support and a “gas-free” marketplace.

“Today we’re officially announcing cross-blockchain support, starting with a gas-free marketplace on the Polygon 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.”

The popular blockchain platform has been at the forefront of NFT innovation, hosting the sale of Merriam Webster’s definition of NFT as an NFT and auctioning off an NFT version of Leonardo da Vinci’s Salvator Mundi.

In related news, Tesla CEO Elon Musk confirmed that he and his companies still hold bitcoin.

Read Full Article

What to Read Next

Drake-Backed Toronto Brokerage Company Hits $4 Billion USD Valuation After Latest Funding Round
Music 

Drake-Backed Toronto Brokerage Company Hits $4 Billion USD Valuation After Latest Funding Round

Wealthsimple is also backed by other high-profile Canadians like Ryan Reynolds, Michael J. Fox and Kelly Olynyk.

Ethereum Founder Donates $1.5 Billion USD of Crypto to India's COVID-19 Relief Fund
Tech

Ethereum Founder Donates $1.5 Billion USD of Crypto to India's COVID-19 Relief Fund

Causing some of the coins’ values to drop overnight.

Cryptocurrency Wallet Company Ledger Is Now Valued at $1.5 Billion USD
Tech

Cryptocurrency Wallet Company Ledger Is Now Valued at $1.5 Billion USD

Hitting unicorn status after a successful $380 million USD Series C funding.


StockX Valuation Jumps to $3.8 Billion USD After Latest Cash Injection
Fashion 

StockX Valuation Jumps to $3.8 Billion USD After Latest Cash Injection

The company said it raised $255 million USD.

Crypto Jumps After Elon Musk Confirms He and His Companies Still Own Bitcoin
Tech 

Crypto Jumps After Elon Musk Confirms He and His Companies Still Own Bitcoin

‘We’re not selling any bitcoin, nor am I selling anything personally.’

"Vices" by T-REX Delivers a Range of Wearable Art
Fashion

"Vices" by T-REX Delivers a Range of Wearable Art

Centered around two works from artist Tyler Rexeisen.

Khalid’s Music Video for 'New Normal' Is a Glimpse Into a Not-So-Distant Future
Music

Khalid’s Music Video for 'New Normal' Is a Glimpse Into a Not-So-Distant Future

Featuring self-driving cars and drone delivery robots.

Valve is Paying Fans to Create ‘Counter Strike’ Weapons Skins
Gaming

Valve is Paying Fans to Create ‘Counter Strike’ Weapons Skins

$1 million USD is up for grabs.

Nike ACG Mountain Fly Low Is Back in "Flash Crimson" and "Brown Basalt"
Footwear

Nike ACG Mountain Fly Low Is Back in "Flash Crimson" and "Brown Basalt"

Both inspired by the lava and mountains of Hawaii.


Daniel Arsham to Release "TROPICAL CAVE OF ZEUS" Print
Art

Daniel Arsham to Release "TROPICAL CAVE OF ZEUS" Print

Neatly packaged in a silver and linen embossed tube with Arsham’s art handling gloves to match.

Louis Vuitton Unveils Luxe NBA Finals Trophy Case
Sports

Louis Vuitton Unveils Luxe NBA Finals Trophy Case

Featuring its monogram logo and a rich cobalt blue interior.

A New Documentary About the Future of Crypto Is in the Works
Tech

A New Documentary About the Future of Crypto Is in the Works

Delving into blockchain-backed exchanges with Ethereum founder Vitalik Buterin and several other developers.

Robert LeBlanc Releases NFT's in Anticipation of His New Book
Art

Robert LeBlanc Releases NFT's in Anticipation of His New Book

Which come with a range of limited-edition perks.

Nike Air Max BW "Black Violet" Flips a Classic
Footwear

Nike Air Max BW "Black Violet" Flips a Classic

A remixed take on the OG Air Max BW “Persian Violet.”


More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Adblock Detected.

We charge advertisers instead of our readers. If you enjoy our content, please add us to your adblocker's whitelist. We'd really appreciated it.