OpenSea Raises $ 100M in Series B Funding Round

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The popular platform for issuing and trading NFT OpenSea announced the completion of another round of funding, within which it raised $ 100 million. The total capitalization of OpenSea reached $ 1.5 billion.

The venture capital firm Andreessen Horowitz (a16z) has become the investment leader, according to a company blog post. Also participating in the funding round were the Creative Artist Agency talent agency, actor Ashton Kutcher, businessman Michael Ovitz and American basketball player Kevin Durant.

“With the increasing popularity of cryptoeconomics, collectible tokens are fast becoming the ‘new Internet’. And we continue to grow, but our focus will continue to be on our customers and providing them with the best and most convenient entry point into the NFT ecosystem, ”said OpenSea CEO and Co-Founder Devin Finzer.

The collected funds will be used to expand the development team, as well as enter new markets and audiences. In addition, the total capitalization of OpenSea reached $ 1.5 billion.

The NFT boom earlier this year appeared to be abating, but the market has returned to record highs in recent weeks. In June 2021 alone, the trading volume on the OpenSea platform exceeded $ 160 million.

According to DappRadar, in the first half of 2021, NFT sales reached $ 2.5 billion – between 10,000 and 20,000 non-fungible tokens are sold weekly.

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