OpenSea Completes $23 Million in Funding Round Led by a16z

Non-fungible token (NFT) platform OpenSea has completed a Series A funding round led by a16z, amassing $23 million as it grows rapidly.

NFT platform OpenSea has completed a $23 million Series A funding round, led by Andreessen Horowitz (a16z). The company made the announcement on March 18, noting that it was excited about the prospect of “a brand-new economy on the internet.”

OpenSea Swims in Funding

CEO Devin Finzer, who was highly enthusiastic in the post, said that the Internet was “starting to feel truly alive again.” He described blockchain technology and NFTs as being the building blocks of a more vibrant and open economy. He cites digital artists, musicians, and professional athletes as target groups, which OpenSea has already worked with.

The list of investors, backers, and crypto insiders aiding OpenSea is a uniquely impressive list. It includes Naval Ravikant, Mark Cuban, Tim Ferris, Belinda Johnson, and Balaji Srinivasan. These are some of the biggest names in the Internet domain and entrepreneurial world, and could prove to be extremely helpful in a rapidly burgeoning niche of the crypto market.

According to the post, OpenSea has seen a growth of over 100x in transaction volume, a remarkable feat that is representative of the interest in NFTs. It also states that there are more than 20 million NFTs available for purchase on the platform.

OpenSea is currently the second-largest NFT platform by volume, according to DappRadar, raking in over $35 million in the past seven days. In terms of historical activity, the platform is near its peak, and has over 17,000 users.

NFTs Making All the Headlines

NFTs have shaken the market, and several new platforms have emerged in the past few months alone. Before now, the market was mostly focused on the DeFi space.

But the arrival of sports teams, entrepreneurs, and musicians has brought the spotlight to NFTs. The NBA, Elon Musk, and Ja Rule are only a few of the prominent names that have entered the space.

One of the most significant NFT sales occurred in January 2021, when digital artist, Beeple, sold artwork for a whopping $69 million. The artist has also made an informal claim to buy Elon Musk’s NFT song for the same price. Most recently, Tony Hawk announced that he would be selling a video NFT on Ethernity Chain.

The idea of digital ownership has relevance in several domains, particularly in art, sports, and the gaming industry. The emergence of NFT platforms has made it easier for the wider public to access these unique assets. Also, it’s giving clear information on the source and trading history of the NFT.

Disclaimer


All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

Leave a Reply

Your email address will not be published. Required fields are marked *

bitcoin
Bitcoin (BTC) $ 36,132.00 3.48%
ethereum
Ethereum (ETH) $ 2,428.66 0.83%
tether
Tether (USDT) $ 1.00 0.28%
polkadot
Polkadot (DOT) $ 21.13 0.85%
cardano
Cardano (ADA) $ 1.50 2.19%
binance-coin
Binance Coin (BNB) $ 349.13 1.93%
xrp
XRP (XRP) $ 0.843696 1.64%
litecoin
Litecoin (LTC) $ 163.75 1.01%
chainlink
Chainlink (LINK) $ 22.23 0.92%
bitcoin-cash
Bitcoin Cash (BCH) $ 587.45 0.18%
stellar
Stellar (XLM) $ 0.338779 4.37%
usd-coin
USD Coin (USDC) $ 1.01 0.50%
dogecoin
Dogecoin (DOGE) $ 0.318041 2.58%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 36,180.00 3.12%
uniswap
Uniswap (UNI) $ 21.81 2.21%
aave
Aave (AAVE) $ 288.02 1.16%
cosmos
Cosmos (ATOM) $ 12.10 0.18%
monero
Monero (XMR) $ 249.88 0.85%
eos
EOS (EOS) $ 4.89 3.53%
bitcoin-sv
Bitcoin SV (BSV) $ 162.74 1.67%
tron
TRON (TRX) $ 0.069101 2.14%
nem
NEM (XEM) $ 0.161332 5.36%
iota
IOTA (MIOTA) $ 1.03 2.55%
vechain
VeChain (VET) $ 0.107813 0.44%
tezos
Tezos (XTZ) $ 3.21 0.48%
theta-token
Theta Network (THETA) $ 7.77 4.68%
havven
Synthetix Network Token (SNX) $ 8.59 4.25%
avalanche-2
Avalanche (AVAX) $ 13.69 1.70%
neo
NEO (NEO) $ 47.00 3.78%
terra-luna
Terra (LUNA) $ 5.78 0.98%
dash
Dash (DASH) $ 164.19 3.77%
huobi-token
Huobi Token (HT) $ 13.30 3.20%
okb
OKB (OKB) $ 13.29 4.45%
elrond-erd-2
Elrond (EGLD) $ 80.20 4.15%
crypto-com-chain
Crypto.com Coin (CRO) $ 0.114399 4.18%
the-graph
The Graph (GRT) $ 0.620097 1.95%
compound-ether
cETH (CETH) $ 48.54 1.21%
solana
Solana (SOL) $ 37.04 0.78%
maker
Maker (MKR) $ 3,007.62 0.35%
filecoin
Filecoin (FIL) $ 70.72 2.32%
cdai
cDAI (CDAI) $ 0.021669 0.84%
dai
Dai (DAI) $ 1.00 0.30%
ftx-token
FTX Token (FTT) $ 31.28 2.24%
celsius-degree-token
Celsius Network (CEL) $ 7.01 0.16%
sushi
Sushi (SUSHI) $ 8.36 3.98%
kusama
Kusama (KSM) $ 411.21 3.96%
compound-governance-token
Compound (COMP) $ 306.06 2.22%
zcash
Zcash (ZEC) $ 128.84 0.28%
ethereum-classic
Ethereum Classic (ETC) $ 56.33 2.56%
decred
Decred (DCR) $ 132.65 5.48%
binance-usd
Binance USD (BUSD) $ 1.01 0.40%
compound-usd-coin
cUSDC (CUSDC) $ 0.022237 0.93%
zilliqa
Zilliqa (ZIL) $ 0.102755 2.88%
uma
UMA (UMA) $ 11.60 0.29%
yearn-finance
yearn.finance (YFI) $ 37,227.00 0.84%
leo-token
LEO Token (LEO) $ 2.43 1.10%
pancakeswap-token
PancakeSwap (CAKE) $ 15.98 4.14%
waves
Waves (WAVES) $ 14.85 1.39%
near
Near (NEAR) $ 3.01 3.64%
amp-token
Amp (AMP) $ 0.059720 7.85%
0x
0x (ZRX) $ 0.874315 1.64%
huobi-btc
Huobi BTC (HBTC) $ 35,992.00 3.82%
algorand
Algorand (ALGO) $ 0.987900 3.03%
digibyte
DigiByte (DGB) $ 0.054031 7.89%
icon
ICON (ICX) $ 0.913795 0.07%
hedera-hashgraph
Hedera Hashgraph (HBAR) $ 0.193407 4.32%
nexo
NEXO (NEXO) $ 1.90 6.23%
xsushi
xSUSHI (XSUSHI) $ 9.63 4.21%
ethos
Voyager Token (VGX) $ 2.26 3.55%
loopring
Loopring (LRC) $ 0.297980 1.46%
thorchain
THORChain (RUNE) $ 7.25 2.79%
ontology
Ontology (ONT) $ 0.910085 5.19%
renbtc
renBTC (RENBTC) $ 35,960.00 3.76%
nano
Nano (NANO) $ 6.26 3.01%
basic-attention-token
Basic Attention Token (BAT) $ 0.635923 4.96%
omisego
OMG Network (OMG) $ 4.76 3.05%
republic-protocol
REN (REN) $ 0.414545 4.92%
zencash
Horizen (ZEN) $ 82.07 1.28%
bittorrent-2
BitTorrent (BTT) $ 0.003452 2.96%
swissborg
SwissBorg (CHSB) $ 0.657262 4.95%
ravencoin
Ravencoin (RVN) $ 0.072602 4.34%
iostoken
IOST (IOST) $ 0.027097 5.86%
qtum
Qtum (QTUM) $ 8.72 5.66%
paxos-standard
Paxos Standard (PAX) $ 1.00 0.40%
venus
Venus (XVS) $ 22.97 3.27%
blockstack
Stacks (STX) $ 0.853561 5.87%
matic-network
Polygon (MATIC) $ 1.39 6.08%
curve-dao-token
Curve DAO Token (CRV) $ 2.14 2.75%
siacoin
Siacoin (SC) $ 0.015296 2.93%
quant-network
Quant (QNT) $ 52.90 3.64%
bancor
Bancor Network Token (BNT) $ 3.83 1.14%
reserve-rights-token
Reserve Rights Token (RSR) $ 0.028075 6.29%
fantom
Fantom (FTM) $ 0.245184 7.46%
mdex
Mdex (MDX) $ 1.97 2.97%
enjincoin
Enjin Coin (ENJ) $ 1.25 7.03%
energy-web-token
Energy Web Token (EWT) $ 7.65 2.28%
lisk
Lisk (LSK) $ 2.80 5.86%
ampleforth
Ampleforth (AMPL) $ 0.842535 1.98%
balancer
Balancer (BAL) $ 23.09 1.74%
terrausd
TerraUSD (UST) $ 1.00 0.38%
ocean-protocol
Ocean Protocol (OCEAN) $ 0.491900 5.93%
husd
HUSD (HUSD) $ 1.00 0.20%
nxm
Nexus Mutual (NXM) $ 92.94 0.97%
1inch
1inch (1INCH) $ 2.75 2.77%
bitcoin-gold
Bitcoin Gold (BTG) $ 56.68 3.46%
kyber-network
Kyber Network Crystal Legacy (KNCL) $ 1.71 3.17%
verge
Verge (XVG) $ 0.026780 3.33%
decentraland
Decentraland (MANA) $ 0.676690 5.01%
alpha-finance
Alpha Finance (ALPHA) $ 0.594052 2.77%
flow
Flow (FLOW) $ 11.96 7.48%
band-protocol
Band Protocol (BAND) $ 6.69 0.86%
status
Status (SNT) $ 0.070708 10.84%
dodo
DODO (DODO) $ 1.28 2.79%
bitcoin-cash-abc-2
Bitcoin Cash ABC (BCHA) $ 20.16 2.74%
compound-usdt
cUSDT (CUSDT) $ 0.021277 0.15%
xdce-crowd-sale
XDC Network (XDC) $ 0.050612 4.78%
staked-ether
Lido Staked Ether (STETH) $ 2,423.86 0.67%
arweave
Arweave (AR) $ 14.89 6.67%
polymath-network
Polymath Network (POLY) $ 0.202641 7.72%
safepal
SafePal (SFP) $ 0.961499 5.70%
true-usd
TrueUSD (TUSD) $ 1.00 0.35%
zkswap
ZKSwap (ZKS) $ 0.661795 3.43%
polkastarter
Polkastarter (POLS) $ 1.32 6.67%
ethlend
Aave [OLD] (LEND) $ 2.86 2.14%
helium
Helium (HNT) $ 12.73 3.89%
civic
Civic (CVC) $ 0.259642 4.21%
pundi-x
Pundi X [OLD] (NPXS) $ 0.001297 11.30%
kava
Kava.io (KAVA) $ 3.68 1.40%
golem
Golem (GLM) $ 0.262882 7.58%
harmony
Harmony (ONE) $ 0.078103 3.43%
nucypher
NuCypher (NU) $ 0.306214 7.86%
holotoken
Holo (HOT) $ 0.007499 2.60%
nusd
sUSD (SUSD) $ 1.01 0.55%
electroneum
Electroneum (ETN) $ 0.007548 14.91%
nervos-network
Nervos Network (CKB) $ 0.018729 4.47%
derivadao
DerivaDAO (DDX) $ 2.41 6.58%
district0x
district0x (DNT) $ 0.144557 5.49%
bitcoin-diamond
Bitcoin Diamond (BCD) $ 3.03 11.98%
trust-wallet-token
Trust Wallet Token (TWT) $ 0.358457 0.79%
rif-token
RSK Infrastructure Framework (RIF) $ 0.179924 2.43%
swipe
Swipe (SXP) $ 1.73 3.84%
gnosis
Gnosis (GNO) $ 171.93 0.52%
numeraire
Numeraire (NMR) $ 39.36 2.89%
rook
KeeperDAO (ROOK) $ 148.69 1.98%
kucoin-shares
KuCoin Token (KCS) $ 8.09 0.23%
btc-standard-hashrate-token
BTC Standard Hashrate Token (BTCST) $ 27.49 2.99%
aragon
Aragon (ANT) $ 4.47 1.40%
fetch-ai
Fetch.ai (FET) $ 0.262906 5.33%
litentry
Litentry (LIT) $ 3.19 5.69%
funfair
FUNToken (FUN) $ 0.020352 5.48%
chiliz
Chiliz (CHZ) $ 0.284928 8.61%
seth
sETH (SETH) $ 2,430.53 0.61%
oasis-network
Oasis Network (ROSE) $ 0.067548 6.39%
injective-protocol
Injective Protocol (INJ) $ 7.84 3.38%
vethor-token
VeThor Token (VTHO) $ 0.007756 2.74%
saffron-finance
saffron.finance (SFI) $ 415.00 0.55%
augur
Augur (REP) $ 18.91 6.32%
the-sandbox
The Sandbox (SAND) $ 0.272118 13.29%
singularitynet
SingularityNET (AGIX) $ 0.193206 0.75%
secret
Secret (SCRT) $ 1.34 2.73%
telcoin
Telcoin (TEL) $ 0.029499 3.21%
serum
Serum (SRM) $ 3.78 4.64%
gatechain-token
GateToken (GT) $ 3.89 3.87%
mainframe
Hifi Finance (MFT) $ 0.008880 5.64%
sbtc
sBTC (SBTC) $ 36,155.00 3.66%
compound-uniswap
cUNI (CUNI) $ 0.435885 3.47%
ardor
Ardor (ARDR) $ 0.169609 9.63%
vai
Vai (VAI) $ 0.897053 0.15%
utrust
UTRUST (UTK) $ 0.313185 4.58%
prometeus
Prometeus (PROM) $ 14.37 19.53%
reddcoin
Reddcoin (RDD) $ 0.002896 13.87%
monacoin
MonaCoin (MONA) $ 1.83 2.54%
noia-network
Syntropy (NOIA) $ 0.199390 3.36%
compound-0x
c0x (CZRX) $ 0.017854 2.52%
wink
WINkLink (WIN) $ 0.000433 4.21%
ankr
Ankr (ANKR) $ 0.085911 0.96%
bytom
Bytom (BTM) $ 0.075504 0.60%
rocket-pool
Rocket Pool (RPL) $ 11.75 1.70%
origintrail
OriginTrail (TRAC) $ 0.316106 1.64%
steem
Steem (STEEM) $ 0.408085 13.99%
maidsafecoin
MaidSafeCoin (MAID) $ 0.690562 3.16%
tomochain
TomoChain (TOMO) $ 1.49 0.31%
edgeware
Edgeware (EDG) $ 0.009485 0.16%
skale
SKALE (SKL) $ 0.286542 4.85%
stratis
Stratis (STRAX) $ 1.25 7.65%
hegic
Hegic (HEGIC) $ 0.105610 2.72%
komodo
Komodo (KMD) $ 1.08 13.11%
bitshares
BitShares (BTS) $ 0.048229 1.34%
unibright
Unibright (UBT) $ 1.01 2.82%
coinmetro
CoinMetro (XCM) $ 0.354806 9.99%
ark
Ark (ARK) $ 1.03 6.90%
mirror-protocol
Mirror Protocol (MIR) $ 3.75 3.68%
keep-network
Keep Network (KEEP) $ 0.414084 4.90%
neutrino
Neutrino USD (USDN) $ 1.01 0.48%
iexec-rlc
iExec RLC (RLC) $ 3.28 4.95%
harvest-finance
Harvest Finance (FARM) $ 55.85 0.13%
iotex
IoTeX (IOTX) $ 0.022732 1.63%
badger-dao
Badger DAO (BADGER) $ 12.40 6.98%
redfox-labs-2
RedFOX Labs (RFOX) $ 0.071259 4.94%
empty-set-dollar
Empty Set Dollar (ESD) $ 0.055240 1.34%
ultra
Ultra (UOS) $ 0.375900 0.45%
wanchain
Wanchain (WAN) $ 0.714957 3.55%
iris-network
IRISnet (IRIS) $ 0.077223 6.83%
perpetual-protocol
Perpetual Protocol (PERP) $ 7.77 0.07%
trustswap
Trustswap (SWAP) $ 0.979155 3.37%
tokenlon
Tokenlon (LON) $ 3.55 4.03%
orion-protocol
Orion Protocol (ORN) $ 6.95 1.62%
titanswap
TitanSwap (TITAN) $ 4.32 10.15%
tether-gold
Tether Gold (XAUT) $ 1,876.85 0.07%
wax
WAX (WAXP) $ 0.136860 3.82%
yfii-finance
DFI.money (YFII) $ 1,681.80 1.59%
aelf
aelf (ELF) $ 0.213286 6.83%
haven
Haven (XHV) $ 9.85 5.73%
pax-gold
PAX Gold (PAXG) $ 1,897.22 0.39%
defipulse-index
DeFiPulse Index (DPI) $ 303.63 0.89%
math
MATH (MATH) $ 1.41 1.12%
api3
API3 (API3) $ 2.71 7.78%
sora
Sora (XOR) $ 244.14 11.52%
dent
Dent (DENT) $ 0.003178 2.96%
loom-network
Loom Network (OLD) (LOOMOLD) $ 0.071302 7.11%
nftx
NFTX (NFTX) $ 54.14 0.44%
gala
Gala (GALA) $ 0.009608 4.55%
axie-infinity
Axie Infinity (AXS) $ 3.90 14.34%
beefy-finance
Beefy.Finance (BIFI) $ 1,131.89 4.39%
swingby
Swingby (SWINGBY) $ 0.105346 8.25%
parsiq
PARSIQ (PRQ) $ 0.646537 5.21%
akropolis
Akropolis (AKRO) $ 0.020224 4.62%
nest
Nest Protocol (NEST) $ 0.011636 11.40%
stakehound-staked-ether
StakeHound Staked Ether (STETH) $ 3,719.75 0.00%
akash-network
Akash Network (AKT) $ 2.99 6.45%
cream-2
Cream (CREAM) $ 142.20 6.71%
auto
Auto (AUTO) $ 1,064.37 2.74%
storj
Storj (STORJ) $ 0.931877 3.08%
e-radix
e-Radix (EXRD) $ 0.145059 17.69%
hive
Hive (HIVE) $ 0.341428 5.11%
chainx
ChainX (PCX) $ 5.98 17.42%
wrapped-nxm
Wrapped NXM (WNXM) $ 61.20 2.14%
hathor
Hathor (HTR) $ 0.418509 1.94%
gemini-dollar
Gemini Dollar (GUSD) $ 1.01 0.01%
frontier-token
Frontier (FRONT) $ 0.774688 7.35%
everid
Everest (ID) $ 0.367006 11.49%
lto-network
LTO Network (LTO) $ 0.225244 6.93%
power-ledger
Power Ledger (POWR) $ 0.204202 6.23%
livepeer
Livepeer (LPT) $ 25.90 0.03%
xdai-stake
xDAI Stake (STAKE) $ 7.55 0.89%
rari-governance-token
Rari Governance Token (RGT) $ 5.63 12.99%
cashaa
Cashaa (CAS) $ 0.030144 4.47%
energi
Energi (NRG) $ 1.96 4.39%
bytecoin
Bytecoin (BCN) $ 0.000451 2.14%
duckdaodime
DuckDaoDime (DDIM) $ 11.86 2.06%