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OpenSea NFT Marketplace Raises $ 300 Million at $ 13 Billion Valuation

by Vaibhav
January 5, 2022
in News
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NFT Marketplace OpenSea Hires Former Taxi Finance Director Lyft
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OpenSea’s non-fungible token (NFT) platform has closed a $ 300 million Series C funding round led by Paradigm and Coatue.

Announcing Series C! We’re building the friendliest & most trusted NFT marketplace with the best selection across many chains. The funding helps us accelerate product development, improve trust & safety, and invest deeply in the web3 community & ecosystem. https://t.co/OmRPleMCOX

– OpenSea (@opensea) January 5, 2022

OpenSea’s valuation reaches $ 13.3 billion.

See also  Nansen Raised $ 75 Million Investors Evaluate The Company At $ 750 Million

The funds raised will be used to improve the quality of customer service, recruit employees, develop products and develop the community.

OpenSea CEO Devin Finzer announced the launch of a grant program to support developers and content creators to popularize the NFT ecosystem.

OpenSea raised $ 23 million in March 2021 and closed a $ 100 million Series B funding round in July.

Recall that in August, the platform’s trading volume exceeded $ 3 billion.

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