OpenSea Valuation Soars to $13.3 Billion Ensuing Series C Funding
NFT titan, OpenSea, has raised an astounding $300 million in series C funding, thus taking the overall firm value up to an unbelievable $13.3 billion. The new valuation symbols a huge surge to the scanty $1.5 billion it was worth back in July.
Paradigm and Coatue led the way, with extra funding delivered by a wealth of new and existing investors. OpenSea will now use the resources to boost its platform, quicken product development, advance customer support and safety, and invest in thewider NFT and web3 world.
In order to ease this growth, OpenSea is growing in all orders, with job openings across the board. As a result, they will scale up their client support as well as their trust and safety roles, and will endeavor to simplify an environment where the customer is king.
In addition, the NFT trading giant will keep supporting a number ofweb3-based projects through funding initiatives, as well as launch its own grant program to support up-and-coming developers which will arrive during Q12022.