NFT CEO OpenSea Secures $ 300 Million Series C Funding Led by Coatue

According to market capitalization, Eric Newcomer of OpenSea, Business Director No. New York-based investment manager. , we are working to go even further.

Previously, OpenSea quickly confirmed that it had completed a $ 13.3 billion Series C funding with a market value of $ 300 million led by Paradigm and Coatue.

Has the measurement been multiplied by more than 8 in the first half of the year?

Eric Newcomer said OpenSea is in talks with several potential entrepreneurs, led by Coatue Management, to start a new fundraiser. There are now shareholders including Katie Haun, former partner of crypto venture capital giant a16z (of his new company KRH), and Dan Rose of Coatue Management, who can serve as a supervisor in the role of OpenSea's board. after the finalization of this funding. . .

According to multiple reports, OpenC ended a financial cycle on March 18 last year, and at the time, a16z, famed DJ3LAU, NBA ranger Mark Cuban, venture capitalist Naval Ravikant and companies from investment and other subsidiaries. Join Standard Crypto, vote on OpenSea for $ 23 million

OpenC closed another B round of funding in July of last year, with a market cap of $ 1.5 billion at the time. and the benefits offered to the general public outside of their relevant applications.

Ether burns the most coins, and the annual packaging industry has grown more than 650 times over last year.

How big is OpenSea in the market? According to ultrasound data, OpenC has burned 144,500 ETH since the introduction of EIP-1559 in the Ethereum London revision, and at a cost of $ 3,800 by the end of the year, it amounts to at $ 549 million, Uniswap, Axi Infinity.

According to data from TokenTerminal, OpenSea made about $ 14.3 billion in the packaging industry in 2021 (nearly $ 900 million in July), a 650-fold increase from the 21.78 million dollars in 2020.

As the business impact of OpenC increases, conflicts begin to emerge, for example, in September of last year, it was announced that product manager Nate Chastain was involved in the internal industry. But it also shows that the OpenSea market needs to have competition to go with it.

OpenSea Completes $ 300 Million Series C Funding

Earlier, OpenSea founder and CEO Devin Finzer said in a recent statement that OpenSea has completed a Series C funding of up to $ 300 million, led by Paradigm and Coatue. Devin Finzer says: The whole NFT ecosystem. , this time will announce a payment plan that supports NFT developers, designers and builders. Our mission is to support the development of the NFT ecosystem in the broad sense, in particular by improving the image of new developers and by investing in four areas. NWS astronaut.