Share this article
BTC
$81,488.37
+
6.92%ETH
$1,584.23
+
8.98%USDT
$0.9994
-
0.01%XRP
$1.9917
+
11.63%BNB
$574.87
+
4.55%USDC
$0.9999
+
0.00%SOL
$113.48
+
9.83%DOGE
$0.1552
+
7.99%TRX
$0.2411
+
5.84%ADA
$0.6180
+
10.52%LEO
$9.4131
+
2.86%LINK
$12.30
+
10.05%AVAX
$17.92
+
10.75%TON
$2.9727
+
0.21%XLM
$0.2332
+
7.49%HBAR
$0.1692
+
14.51%SHIB
$0.0₄1189
+
9.66%SUI
$2.1199
+
10.63%OM
$6.6473
+
7.15%BCH
$293.17
+
8.94%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
OpenSea Expands Into the Venture Capital Business
OpenSea Ventures will be led by OpenSea co-founder Alex Atallah.
Popular non-fungible token (NFT) marketplace OpenSea is launching an investment arm after raising $300 million at a $13.3 billion valuation in January.
- OpenSea Ventures is dedicated to growing the Web 3 ecosystem “through NFTs, decentralized systems and other novel blockchain uses,” said the company in a blog post.
- Alongside the venture business, OpenSea is also launching Ecosystems Grants, which are “aimed at elevating creators, developers, and passionate community members working to enrich and expand the NFT ecosystem.”
- The venture fund is to be led by OpenSea co-founder Alex Attalah. Among key selling points for potential portfolio companies will be access to the company’s strategic partners, including Andreessen Horowitz (a16z), Standard Crypto, Animoca Brands and Kevin Hartz's A* Capital.
- OpenSea saw more than $5 billion worth of NFTs traded on its platform in January, a new monthly record.
Eli Tan
Eli was a news reporter for CoinDesk who covered NFTs, gaming and the metaverse. He graduated from St. Olaf College with a degree in English. He holds ETH, SOL, AVAX and a few NFTs above CoinDesk's disclosure threshold of $1000.
