![\"NFT](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2021\/07\/nft-marketplace-opensea-raises-100-million-firm-becomes-a-blockchain-unicorn-768x432.jpg\")
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Opensea has become the latest non-fungible token (NFT)-focused firm to raise funds this year as the company announced raising $100 million in a Series B this week. The venture capital firm Andreessen Horowitz led the Opensea financing round alongside investors like Kevin Durant, Ashton Kutcher, and Tobi Lutke.<\/strong><\/p>\n One of the largest non-fungible token (NFT) marketplaces today, Opensea<\/a>, has announced the company has raised $100 million in a Series B funding round. Additionally, the project also announced it was expanding its features to \u201ccross-blockchain support\u201d and Opensea will start supporting the Polygon blockchain. The funding round led by Andreessen Horowitz (a16z) puts Opensea into the unicorn status of blockchain startups with a valuation of $1.5 billion after the Series B.<\/p>\n \u201cAt Opensea, we believe NFTs are emerging as one of the first consumer-oriented killer applications for blockchains,\u201d the company said during the funding announcement. \u201cNFTs are a simple primitive for digital goods (think digital art, game items, domain names, and more) with brand new properties: they\u2019re unique, provably scarce, liquid, user-owned, and usable across multiple applications,\u201d the firm added.<\/p>\n In addition to a16z, Opensea\u2019s Series B saw participation from Coatue, as well as investors like Michael Ovitz, Kevin Hartz, Dylan Field, Kevin Durant, Ashton Kutcher, and Tobi Lutke. \u201cNFTs 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,\u201d Opensea\u2019s funding announcement emphasizes.<\/p>\n <\/ins> <\/ins> <\/p>\n According to 30-day statistics from Dune Analytics<\/a>, Opensea\u2019s sales volume is the highest ever for the month of July surpassing last month\u2019s record-breaking data. July has seen $174.6 million in volume but daily volume is lower than usual at $4.4 million.<\/p>\n Daily statistics from Dune Analytics indicate that during the first week of May, Opensea saw $23.1 million on May 4. As far as Polygon Opensea support, users can test it out today by visiting Opensea\u2019s Matic web page<\/a>. \u201cBuyers no longer have to pay blockchain fees when making trades on Opensea, and creators can fully earn their way into crypto for the first time,\u201d the company noted.<\/p>\n Opensea\u2019s Series B follows a number of NFT-focused markets that have been able to raise millions to expand the NFT industry. Enjin raised $20 million<\/a> in a token sale for the Efinity NFT marketplace that supports the Polkadot blockchain. The NFT market Rarible raised over $14 million<\/a> recently and it plans to launch on the Flow blockchain.<\/p>\n The Mark Cuban-backed non-fungible token (NFT) marketplace Mintable raised $13 million<\/a> in a Series A funding round during the first week of July. Investors and venture capital firms seem to believe that the NFT hype will stick around for quite some time, and Opensea\u2019s latest funding shows the trend continues.<\/p>\nNFT Marketplace Opensea Joins the Blockchain Unicorns, Project Now Supports Polygon<\/h2>\n
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<\/p>\nOpensea Swims in an Ocean of NFT Marketplace Competitors Raising Money<\/h2>\n