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NFT Marketplace OpenSea is now worth $13 Billion

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OpenSea, the largest online marketplace for non-fungible tokens, is worth over $13 billion.

The site said last year’s deals increased 600-fold.

Devin Finzer said on OpenSea’s official blog: “In 2021, the world realised that NFTs are the foundation of entirely new peer-to-peer economies. Developers may construct sophisticated, interoperable apps that deliver actual economic value and usefulness to consumers. OpenSea’s aim is to become the world’s friendliest and most trustworthy NFT marketplace with the finest choices.”

OpenSea has spent the past year raising hundreds of millions of dollars, according to its creator. “With a $13.3 billion valuation, we received $300 million in Series C capital. New and current investors joined Paradigm and Coatue to lead the round. These amazing partners, thinkers, and builders contribute a wealth of knowledge in Web3, NFTs, and best-in-class consumer experiences. This money will help us to: 1) speed product development, 2) increase customer support and safety, 3) invest in the NFT and Web3 communities, and 4) expand our workforce.”


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