OpenSea Raises $23M in Investment Round Led by Andreessen Horowitz

OpenSea Raises $23M in Investment Round Led by Andreessen Horowitz
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New investment round  for OpenSea. A startup that focuses on NFTs and wants to develop the largest marketplace for them. Many angel investors participated in the latest round led by Andreessen Horowitz.

The $23 Million investment helps OpenSea expand the development team faster and provide more comprehensive solutions to users. OpenSea executives say they needed investment because they have many plans to offer the best experience for NFT lovers.

NFT Industry is Shaping

NFTs are attracting many users because of their use-cases and the rise in values. Many platforms and businesses have entered this market to provide the best experience for enthusiasts. The internet has changed a lot since the first days. Now, many people use it for their financial and investment activities. Marketplaces are fundamental components in this new world. They offer the opportunity for selling and buying many things without the need for intermediaries. OpenSea is one of those platforms that focuses on the NFT market.

Founded in 2017, OpenSea tries to provide a reliable platform for billions of people that may become interested in NFTs. They claim to be working on the best and biggest marketplace for NFTs. OpenSea wants to build a marketplace for every NFT project. Every musician, creator, artist, influencer, and NFT startup can connect to this marketplace and sell the NFTs. More than 20 Million NFTs are available on OpenSea, and none of them are owned by the marketplace itself.

OpenSea Rolls Out New Feature "Deals" To Allow Direct NFT Swaps

Big projects like OpenSea always need investments. Money from angel investors helps them a lot. These kinds of investors come to the game in the first stages. They know their investment may not have any rewards, but they believe in the mission and the team they’re investing in. Andreessen Horowitz led the latest $23 Million investment round for OpenSea. He is one of the biggest supporters of the Web3 ecosystem. Other investors include:

  • 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

OpenSea has had successful investment rounds before. The new investment helps this startup hire faster. Their job board is now expanding, and the team is becoming complete to build the biggest NFT marketplace. Devin Finzer, co-founder and CEO of OpenSea, is very optimistic about NFTs and his company’s future. He said in a blog post:

“At OpenSea, we are growing and shaping this economy by building the world’s best, largest, and most trusted marketplace for this new type of digital asset. Over the coming years, billions of people will be introduced to digital ownership, and we’ve built OpenSea as a trusted entry point into that world.”

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