Well-known NFT trading platform giant OpenSea announced the completion of a $ 100 million Series B financing and officially joined the crypto unicorn track.
Funding was reportedly provided by venture capital firm Andreessen Horowitz (a16z). Other investors include hedge funds and private equity firm Coatue, former Disney chairman Michael Ovitz, Eventbrite co-founder and president Kevin Hartz, Figma CEO and co-founder Dylan Field, famous NBA star Kevin Durant, the American actor Ashton Kutcher and Shopify founder and CEO Tobi Lutke.
The funding did not disclose the specific purpose of use. However, the company stated that its direct mission is to provide the best market for the creation and establishment of NFTs and to help establish systems and standards that can transform all types of digital wealth into a truly possessive and freely interchangeable form, stating that:
“OpenSea’s broader mission is to turn the Internet from an information transfer machine into a value transfer machine.”
According to a Forbes report, the funds raised this time will be used to develop the team and establish multi-chain support and provide customers with a more seamless experience.
The OpeaSea team said that in the announcement:
“We are officially announcing cross-blockchain support, starting with a gas-free market on the Polygon blockchain. Buyers no longer have to pay blockchain fees when transacting on OpenSea, and creators can break into crypto for the first time. “
Round B of funding is the largest funding. The peer-to-peer (P2P) market for crypto collectibles and non-fungible tokens (NFTs) OpeaSea is valued at approximately $ 1.5 billion, becoming the latest crypto unicorn, referring to the establishment of a less than 10-year valuation of new $ 1 billion tech companies. that are not publicly traded.
The well-known cryptocurrency mining giant Bitmain in the United States and the recently completed $ 900 million funding round from the FTX cryptocurrency exchange, etc., are currently well-known unicorn cryptocurrency companies.
This is not the first time that Andreessen Horowitz has invested in OpenSea. On March 18, OpenSea, a notable digital marketplace for crypto collectibles, completed an investment led by a16z with a total value of $ 23 million.
So far, OpenSea has raised $ 127.2 million in funding in 5 rounds, including this funding round.
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