OpenSea Raises $23M in Funding


OpenSea, a NYC-based marketplace for NFTs, raised $23M in funding.

The round was led by Andreessen Horowitz with participation from Naval Ravikant, Mark Cuban, Tim Ferris, Belinda Johnson, Ben Silbermann, Alexis Ohanian, Balaji Srinivasan, Standard Crypto, Linda Xie, Avichal Garg, Flamingo DAO, 3LAU, RAC, Justin Kan, Andrew Steinwold, Metapurse, Bill Lee, 1Confirmation, Pascal Capital, Blockchain Capital, Regan Bozman, Kevin Hartz and Dylan Field from Figma.

The company is using the funds to continue to expand operations and its business reach, we well as its development efforts.

Led by Devin Finzer, CEO, OpenSea provides a marketplace for for discovering, collecting, curating, and trading NFTs from creators, musicians, artists, influencers, and gamers. Over the last six months, transaction volume on the NFT marketplace has grown over 100x. 

People currently can trade 20 million+ NFTs.