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27 July 2021

NFT Marketplace OpenSea Becomes Crypto ‘Unicorn’ at $1.5 Billion Valuation - Decrypt

NFT Marketplace OpenSea Becomes Crypto ‘Unicorn’ at $1.5 Billion Valuation - Decrypt


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OpenSea, a major blockchain marketplace for non-fungible tokens (NFT), announced today that it has closed a $100 million Series B funding round led by Andreessen Horowitz (a16z), reaching a valuation of $1.5 billion and the status of “unicorn.”.

OpenSea also announced today that artists, buyers, and sellers will no longer have to pay Ethereum transaction fees (gas) on its marketplace.

“We’re making the product more accessible to a mainstream consumer by building out kind of the core marketplace onboarding and really solidifying OpenSea as the brand directly tied to NFTs, very similar to how Coinbase established itself as the brand around cryptocurrency,” Finzer explained

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