Leading NFT Marketplace Opensea Presented With $10 Billion Valuation, Investors Are ‘Clamoring’ – Finance Bitcoin News

Report: Leading NFT Marketplace Opensea Presented With a $10 Billion Valuation, Investors Are 'Clamoring'

On November 17, a report disclosed that the main non-fungible token (NFT) market, Opensea, is “fielding new funding gives” in keeping with two unknown sources aware of the matter. The funding might propel Opensea’s valuation by six occasions to a $10 billion market valuation, in keeping with the sources.

Report Claims Opensea Offered a $10 Billion Valuation

During the primary week of November, the favored NFT market Opensea surpassed $10 billion in all-time gross sales, in keeping with statistics from dappradar.com. At the time of writing, dappradar.com metrics point out Opensea’s all-time gross sales equate to $11.11 billion in the present day.

Now, in keeping with a report printed by theinformation.com’s Kate Clark and Berber Jin, Opensea is fielding new funding gives and a brand new funding might make the corporate’s market valuation rise to $10 billion.

The two sources instructed Clark and Jin that the NFT market didn’t “provoke” the financing because the folks aware of the matter pressured, “traders are clamoring for a bit of the startup.”

The fundraising rumors observe the corporate’s most up-to-date Series B fundraising spherical in July. Opensea raised $100 million in a spherical led by Andreessen Horowitz and well-known traders like Tobi Lutke, Kevin Durant, and Ashton Kutcher. The Series B spherical propelled the corporate to unicorn standing with a valuation of $1.5 billion after the capital elevate.

Opensea Volumes Slide Month After Month Since August

The two sources stemming from theinformation.com’s editorial didn’t disclose the traders which might be allegedly clamoring to put money into Opensea. The sources did say the magnitude of gross sales Opensea noticed this summer time was the rationale behind the corporations on the lookout for a bit of the NFT market. However, since August, metrics from Dune Analytics point out that volumes have slipped decrease month after month.

Opensea helps the Ethereum blockchain and Polygon blockchain and on November 17, the corporate launched the Opensea cell purposes for Android and iOS. Opensea’s each day quantity in ethereum (ETH) dipped via the month of October, whereas Polygon volumes have risen. Ether gross sales quantity on Opensea has kicked up a notch in the course of the second week of November.

Tags on this story
$10 Billion, $11 Billion in Sales, Andreessen Horowitz, android, Ashton Kutcher, Ethereum, Ethereum (ETH), iOS app, Kevin Durant, Markets, nft, NFT Market, NFT market, NFTs, Opensea, Opensea Valuation, Opensea.io, Polygon, Polygon (MATIC), Series B, Tobi Lutke

What do you concentrate on the sources that say Opensea is fielding investments and will enhance its valuation by six occasions? Let us know what you concentrate on this topic within the feedback part under.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Opensea,

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