The non-fungible token (NFT) platform OpenSea closed a Series C financing round worth $300 million. It was led by Paradigm and Coatue.
Announcing Series C! We’re building the friendliest & most trusted NFT marketplace with the best selection across many chains. The funding helps us accelerate product development, improve trust & safety, and invest deeply in the web3 community & ecosystem. https://t.co/OmRPleMCOX
— OpenSea (@opensea) January 5, 2022
OpenSea’s valuation reached $13.3 billion.
The funds will be used to improve customer service, hire staff, develop products, and grow the community.
OpenSea chief Devin Finzer announced the launch of a grant programme to support developers and content creators to popularise the NFT ecosystem.
In March 2021, OpenSea raised $23 million, and in July closed a Series B financing round worth $100 million.
In August, the platform’s trading volume surpassed $3 billion.
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