The Next Crypto Unicorn
The next crypto unicorn: NFT platform Opensea is now worth 1.5 billion
As the largest marketplace in this area, crypto unicorn Opensea has benefited massively from the NFT hype of the past year. The startup has now raised fresh capital and announced that it will support multiple blockchains in the future.
The NFT marketplace Opensea. (Photo: Tada Images / Shutterstock.com)
The high demand for non-fungible tokens (NFT) is apparently making Opensea more and more interesting for investors. The marketplace has now raised $100 million in a Series B funding round. The startup is now valued at $1.5 billion. This makes Opensea the newest member of the growing club of crypto unicorn.
The round of financing was led by the well-known US venture capital firm Andreessen Horowitz, which in the past has made early investments in Facebook, Twitter, GitHub and Coinbase, among others. Other investors have included former Disney CEO, basketball pro Kevin Durant and actor Ashton Kutcher.
Opensea wants to open up to further blockchain projects
Although the NFT hype has died down significantly in recent months, $160 million worth of tokens have been sold on Opensea in the last month. According to Techcrunch, company boss Devin Finzer assumes that his company will exceed this figure this month. Opening the platform to different blockchains should ensure long-term growth.
In the past, the NFT hype has put a significant strain on the Ethereum network. This led to sometimes extremely high transaction costs for those involved. In order to mitigate the problem, Opensea also wants to support other blockchains in the future – initially Polygon. There should no longer be any blockchain fees for sellers there. Later, the flow blockchain and Tezos will also be supported. crypto unicorn
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