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HomeOpenseaOpenSea Launches Venture Capital Arm, Joining FTX and Alchemy

OpenSea Launches Venture Capital Arm, Joining FTX and Alchemy

  • OpenSea has announced the launch of OpenSea Ventures, led by the co-founder of the NFT Exchange.
  • The investment is aimed at supporting creators and technologies in the emerging Web3 and NFT sectors.
  • Cryptographic exchange FTX and blockchain developer Alchemy have also launched their own venture capital division in recent months.

The top non-fungible token marketplace, OpenSea, will launch an investment sector and mark its first foray into venture capital.

OpenSea Ventures Led by OpenSea co-founder Alex Atallah, focused on investing in topics such as blockchain technology, social and gaming projects that support NFT delivery, and “NFT aggregators and analytics emergencies” that support the NFT marketplace. Guess. Blog post Friday.

Potential portfolio companies have access to OpenSea’s strategic partners such as Andreessen Horowitz and Standard Crypto.

This move reflects the move of FTX, the crypto exchange of Sambankman Fried. $ 2 Billion Venture Capital Fund last month.And in December, blockchain developer Alchemy Venture capital division Unique to support Web3 technology.

Together with OpenSea Ventures, the company has created Ecosystem Grants. It aims to “start community ideas and provide ongoing financial support” to the Web3 space.

OpenSea raised $ 300 million in funding rounds to launch venture capital and grant programs 800% rating To $ 13.3 billion.

OpenSea is riding a wave of NFTs that exploded to $ 41 billion last year. This trend continues this year as well. In January alone, over $ 5 billion of digital assets were in the hands of OpenSea.

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