The Coinbase, Animoca Brands and Gumi-backed NFT marketplace grew its valuation almost ninefold in the space of six months as the NFT market skyrockets.
US-based non-fungible token (NFT) marketplace operator OpenSea, which counts corporates Coinbase, Animoca Brands and Gumi as backers, received $300m in series C funding yesterday, further highlighting the growing popularity of digital blockchain-based assets.
The round was co-led by blockchain investment firm Paradigm and investment manager Coatue Management and included unnamed existing backers. The cash was secured at a $13.3bn post-money valuation, up from $1.5bn at the time of its July 2021 series B round.
OpenSea operates a peer-to-peer marketplace for…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
