Making sense of OpenSea at a $13B valuation

Making sense of OpenSea at a $13B valuation

2 years ago
Anonymous $dEyjbtEkMr

https://techcrunch.com/2022/01/05/making-sense-of-opensea-at-a-13b-valuation/

OpenSea, the well-known NFT marketplace, has raised a $300 million round at a $13.3 billion valuation. Newcomer broke the news yesterday before the company confirmed the transaction.

For critics of the present-day cryptoeconomy and NFT market, the round was perhaps more evidence of how overheated things have become. After all, OpenSea last raised at a fraction of its new valuation under a year ago, adding $100 million to its accounts at a $1.5 billion valuation in July.