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HomeOpenseaTop NFT exchange OpenSea launches venture capital arm, following in footsteps of...

Top NFT exchange OpenSea launches venture capital arm, following in footsteps of crypto firms FTX and Alchemy

OpenSea, the leader in the irreplaceable token market, 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.

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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