The proposed investment round could see the company raise around $1 billion from interested backers.
Commenting on the possibility of raising more capital, Roberts stated that the company could use the funds to pursue useful partnerships and joint ventures. According to Roberts, OpenSea’s growing profitability could put a possible public listing on the agenda.
“When you have a company growing as fast as this one, you’d be foolish not to think about it going public. It would be well-received in the public market given its growth,” Roberts told Bloomberg.
TRON DAO has announced the launch of a $10 million incentive fund in light of recent events to support Terra developers migrating to the TRON ecosystem, including TRON’s EVM compatible cross-chain solution BitTorrent Chain (BTTC), which helps facilitate the seamless transfer of assets across mainstream public chains, including TRON, Ethereum, and BNB Chain.
Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.