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OpenSea Boosts Valuation 9X as This NFT Giant Sets Four Strategic Goals
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The biggest non-fungible token (NFT) marketplace, OpenSea, increased its valuation almost ninefold in six months as it raised USD 300m to fund four of its expansion goals.
The company said it was valued at USD 13.3bn in a Series CE funding round, led by Paradigm and Coatue among other new and existing investors. In July of 2021, the platform, founded in 2017, raised USD 100m at a USD 1.5bn valuation in a Series B round led by Andreessen Horowitz.
OpenSea said it has four goals for its latest funding round:
The marketplace aims to lower the barriers to entry for NFTs with new features and accelerate multi-chain support, while their support teams are estimated to more than double, surpassing 120 by the end of this year, according to Devin
Read more on cryptonews.comAbout this in other media
OpenSea acquires Dharma Labs and a new CTO cointelegraph.com /2 years ago
NFT Powerhouse Animoca Brands Hits USD 5B Valuation as Winklevoss & Soros Join USD 359M Round cryptonews.com /2 years ago
OpenSea surpasses $3.5B in monthly Ether trading volume setting new ATH cointelegraph.com /2 years ago
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