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The Street
The Street
By Luc Olinga OpenSea, a popular marketplace to buy and sell non-fungible tokens, was worth $1.5 billion in July. Non-fungible tokens have exploded in popularity, as everyone from global consumer brands to artists have rushed to sell digital collectibles, which can reach hundreds of thousands of dollars worth of Ether, a well-known cryptocurrency. No surprise if OpenSea, the leading marketplace for NFTs is cashing in. It has raised $300 million in new venture funding. The new round of funding was led by venture capital firms Paradigm and Coatue, according to a blogpost published on Wednesday, …
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