OpenSea raises $300 million

Written By Derek Weber

As the trading volume of non-fungible tokens (NFTs) surpassed $23 billion in 2021, the NFT auction marketplace OpenSea announced yesterday a $300 million Series C round led by Paradigm and Coatue. The latest deal values the start-up at a massive $13.3 billion valuation, surging from $1.5 billion just six months ago.

Founded in 2017, OpenSea reportedly recorded more than $2.4 billion in transaction volume in the past 30 days alone. 

Derek Weber
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