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NFT OpenSea platform raised USD 23 million in funding round

The NFT OpenSea platform earned USD 23 million in revenue in its first Series A fundraising round. The investment will help the startup expand the team of faster development and to provide more complete solutions to users.

The information was disclosed, on March 18, 2021, through a note signed by David Finzer, co-founder and CEO of OpenSea , posted on his blog. He points out that the company required this financing because has many plans to offer the best experience to lovers of non-fungible tokens (NFT).

According to the statement, the round was led by venture capital firm Andressen Horowitz, who has extensive experience in the cryptocurrency ecosystem. They also have the support of Dallas Mavericks owner Mark Cuban; the investor Naval Ravikant and the firm Metapurse, among others.

The platform expresses, in this statement, the following:

In the last six months, the volume of transactions in the NFT OpenSea market has grown more than 100 times. We have been fortunate to work with hundreds of projects and creators – from gaming companies to digital artists, musicians and professional athletes. The world is waking up to the power of this technology, and it is happening all of a sudden.

OpenSea plans to create a market for each NFT project

NFTs are attracting many users due to their use and increased prices. OpenSea is one of those platforms that focus on the NFT market.

According to the statement, OpenSea, founded in 2017, “seeks to provide a trusted platform for billions of people who may be interested in NFTs.” Among their plans is to create a market for each NFT project. They indicate that «each musician, creator, artist, influencer and startup you can connect to this market and sell your NFTs. ”

Devin Finzer expressed that he is very optimistic about NFTs and the future of the company. He blogged the following:

At OpenSea we are growing and shaping this economy by building the best, largest and most reliable market the world for this new kind of digital asset. In the coming years, billions of people will know about digital property and we have built OpenSea as a trusted entry point into this world.

Devin Finzer, CEO of OpenSea.

Non-fungible tokens They are digital assets or tokenized versions of the real world that have the particularity of not being interchangeable with each other and can function as proof of authenticity and ownership within the digital world.

Mark Cuban is seduced by the NFTs

NFT OpenSea platform raised USD 23 million in funding round NFT OpenSea platform raised USD 23 million in funding round
Billionaire Mark Cuban participated in the OpenSea fundraising round. Source: Gage Skidmore / wikipedia.org

NFT fever it seems that it still has a long way to go. New projects are added to create this type of collectibles or exclusive pieces every day. To such an extent he has seduced the owner of the Dallas Mavericks, Mark Cuban, as reported by CriptoNoticias.

The co-host of the television series Shark Tank spoke about his perspective of the Non-fungible tokens and cryptocurrencies in a post published on the basketball team’s website on February 11 of the current year.

On that occasion, the billionaire established a similarity between cryptocurrencies and the cards or collectible cards of the sports teams. According to the investor, the American tradition of collecting stamps of their favorite teams and athletes, is adaptable to the new reality of cryptocurrencies and digital assets , particularly tokens. No Fungibles (NFT) or collectible tokens developed in blockchains.

Previously, on January 27, 2021, Cuban posted the following sentence on his Twitter account: «Look what I found! ! The RollUp 2021 Collectible ». This work reflects a moving image of himself wearing shorts, flannel without sleeves, with the insignia on his chest “Dallas Mavericks” and the mask to prevent contagion by Covid-19. It was Cuban himself who put this token up for sale.

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Sandra Loyd
Sandra Loyd
Sandra is the Reporter working for World Weekly News. She loves to learn about the latest news from all around the world and share it with our readers.

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