NFT Exchange OpenSea A round of financing of 20 million US dollars A16z, Mark Cuban led the investment

Time:2021-12-28 Source: 1124 views NFT Copy share


As the NFT market is surging, from player cards, the world's first Twitter to Musk's electronic music trophy, all buyers are competing for bids. In September last year, the transaction volume surged by more than 1,000%. When buyers and sellers trade enthusiastically, the wallet of the trading platform also makes a lot of money.

OpenSea, the world's largest NFT collectibles trading platform, issued a statement on Twitter and its official website on March 18, stating that the company has obtained $23 million in Series A funding. The investment was led by the legendary venture capital Andreessen Horowitz (a16z). Other investors included the well-known DJ 3LAU, NBA Lone Ranger owner Mark Cuban, venture capitalist Naval Ravikant, and investment company Standard Crypto.

Before the news was announced, the foreign media "The Block" disclosed the investment news. At that time, the a16z spokesperson responded to the report via email: nice try. Now it seems very intriguing.

Strengthen the platform foundation, expand the scale, and prepare for the future

Devin Finzer, the co-founder and CEO of OpenSea, said that this round of new funds will be used to expand the scale of OpenSea's platform and prepare for the arrival of large users in the future. Devin further expressed OpenSea's vision for the future: "In the next few years, billions of people will understand the value of digital assets, and we will make OpenSea the most trusted means of entry for them."

According to previous reports, the newly released NFT album of the rock band Kings of Leon was sold on OpenSea; the burnt painting by British graffiti artist Banksy was also sold on OpenSea for $380,000. .

OpenSea is one of the world's largest NFT platforms in terms of transaction volume. In February alone, the transaction volume exceeded US$90 million, a hundredfold increase in the past six months. As the business grows, it currently plans to expand the team and is recruiting 11 new members. A few days ago, OpenSea even launched a collection manager, where users can make NFTs for free without paying any gas fees.

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