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HomeOpenseaOpenSea raises US$300m in funding at a $13.3bn valuation

OpenSea raises US$300m in funding at a $13.3bn valuation

High seas, NFT marketplace We raised $ 300 million in Series C funding and conducted an ex-post valuation of $ 13.3 billion... paradigm When coat Led the round with the participation of new and existing investors.

The NFT Space took a lot of action in 2021. this is, OpenSea’s transaction volume has increased more than 600 times that year.

With the new funding, the company has four goals:

1) Accelerate product development,

2) Greatly improve customer support and customer safety.

3) Make a meaningful investment in the wider NFT and Web3 communities.

4) Grow your team

Promote the scale and growth of the broader NFT ecosystem

They welcome as OpenSea aims to bring NFTs to a wide range of consumers this year. Shiva Raharaman As a new VP of the product. Shiva joined OpenSea from Meta and was Vice President of Commerce. Prior to working at Meta, I spent time on YouTube, Spotify, and WeWork. Shiva is passionate about building a new web that rewards creativity and participation with fewer gatekeepers, better privacy, and sustainable economics.

The company is actively expanding its commitment to customer support, trust and safety, and site stability and integrity. This includes both product and technology investments to enable systems that protect and enhance users, as well as significant investments in face-to-face customer support operations. According to OpenSea, we have already expanded our customer support, trust and safety team to more than 60 and plan to more than double that team by the end of this year.

“We are committed to expanding the entire NFT ecosystem. This quarter we launched a funding program to provide opportunities to directly support developers, builders and creators who will shape the future of NFT spaces. Our ambition is to raise awareness of emerging creators and promote the scale and growth of the broader NFT ecosystem, including investing in those who better shape today’s NFT space. ” I am. Devin Finzer Co-founder and CEO of OpenSea.

Increasing popularity of NFTs

A A non-fungible token (NFT) is a unique identifier that can prove ownership of a digital product. They make digital art pieces and other collectibles a unique, verifiable asset that can be easily traded on the blockchain.

According to statistics, NFT transactions increased significantly in the summer of 2021 due to the popularity of some tokens.Most of these transactions are likely Play-to-Earn Related to Vietnamese video game Axie Infinity, Became the most valuable NFT collection in the world in August 2021, but sales volume has declined since then.

The Games segment reported that in 2020, the non-fungible token (NFT) market had the highest sales, more than six times the sales of sports projects. That year, this segment Total sales in the NFT market..


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