Popular NFT marketplace OpenSea has raised $300M from a Series C funding. As a result of this new round of funding, OpenSea’s market value now stands at $13.3 billion. To accomplish this funding round, OpenSea partnered with investment management company Paradigm and Coatue.
All funds raised from this funding round will be used for improving the NFT marketplace. Additionally, OpenSea aims to deliver better products, improve security, and deliver better customer service. The company also plans to invest some of the funds in other NFT and Web3 projects.
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