OpenSea Completes $100M Series B Fundraising

The most popular NFT marketplace, OpenSea, announced the completion of its Series B fundraising round, raising a total of $100 million. The company will use the funds to expand the team, add support for new blockchains, and further invest in the industry.

The funding round was led by Andreessen Horowitz with participation from Coatue, along with Michael Ovitz, Kevin Hartz, Dylan Field, Kevin Durant, Ashton Kutcher, and Tobi Lutke.

In the last year there has been an explosion of new blockchains and scaling solutions. Along with its fundraising victory, OpenSea also announced the introduction of cross-blockchain support. The team is launching a new, gas-free marketplace which will make NFTs and crypto more accessible to first-timers, and buyers no longer have to pay gas fees when making trades on OpenSea.

Although the immediate mission is to build the best NFT marketplace, the broader vision of the company is to turn the internet from an information transfer machine into a value transfer machine. It’s still early stages for NFTs, but they represent the building blocks for brand new peer to peer economies, where users have greater freedom and ownership over their data, and developers can build powerful, interoperable applications to provide real economic value to users.

Want more? Connect with NFT Plazas

Join the Weekly Newsletter
Join our Discord
Follow us on Twitter
Like us on Facebook
Follow us on Instagram

*All investment/financial opinions expressed by NFT Plazas are from our site moderators’ research and experience and are intended as educational material only. Individuals are required to research any product before making any investment thoroughly.

Leave a comment


LIVE Prices for all cryptocurrencies related to Decentraland, Somnium Space and Cryptovoxels.


Decentraland MANA

Somnium Cubes


Stay up to date with our weekly roundup of independent news


Join in live community chat & all updates as they happen