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Younger OpenSea is Reportedly to be Valued More Than Crypto OG Gemini
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Non-fungible token (NFT) markeplace OpenSea is reportedly set to be valued more than crypto exchange and industry senior Gemini.
OpenSea is seeing new investment offers that could result in its valuation increasing some six times, to USD 10bn - or even higher, reported The Information, citing "two people with direct knowledge of the matter."
This does not come as a part of a fundraising effort, the sources claim. Instead, "investors are clamoring for a piece of the startup after its trading volumes spiked this summer."
OpenSea, founded in 2017, raised USD 100m at a USD 1.5bn valuation in a Series B round led by Andreessen Horowitz in July this year. It has handled over USD 11bn in sales so far, per blockchain data tracker DappRadar.
Per the
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