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a16z Leads $100M Round for NFT Unicorn OpenSea

From blockworks.co

The first non-fungible token (NFT) marketplace OpenSea raised $100 million in a Series B funding round led by venture capital firm Andreessen Horowitz, or a16z, it announced Tuesday. The additional funding round brings the New York-based OpenSea valuation to $1.5 billion, giving the company unicorn status, which is when a privately held company or startup is valued over $1 billion. It is one of more than 900 unicorns in the global marketplace that make up a collective value of $3 trillion, according to data on the Crunchbase Unicorn Board. The company also announced cross-blockchain support, with a gas-free ... (full story)

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  • Category: Fundamental Analysis