NFT platform OpenSea raised $300 million investment

The company plans to improve the service and introduce new directions for further development

06.01.2022 - 08:00

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What’s new? The popular NFT marketplace OpenSea has announced the successful completion of a Series C funding round. In total, it was possible to attract $300 million of investments. Currently, the company's valuation exceeds $13 billion.

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

“We are building the friendliest and most trusted NFT marketplace with the best selection across many chains. The funding helps us accelerate product development, improve trust and safety, and invest deeply in the web3 community and ecosystem,” the OpenSea representatives noted.

What else is known about the funding round? The Series C round was led by Coatue and Paradigm. OpenSea is currently valued at $13,3 billion by investors. In addition to the directions mentioned in the tweet, OpenSea plans to direct the funds raised to improve the quality of user service. In addition, the platform will soon offer grants to support the most talented developers and authors.

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