NFT marketplace OpenSea raises $23 million in Series A round led by a16z
March 18, 2021, 11:49AM EDT
1 min read
NFT marketplace OpenSea has raised $23 million in a Series A round led by venture capital firm a16z, the platform announced Thursday.
The funding round included participation from a wide range of VC firms, investors and creators including Naval Ravikant, Mark Cuban, and 3LAU.
The announcement comes a week after The Block reported a16z is leading two fundraises in the crypto space for OpenSea as well as trading tech firm Talos. A16z has invested in a way array of crypto firms in its portfolio, dating back to an early stake in crypto exchange unicorn Coinbase.
"The world is waking up to the power of this technology, and it’s happening quite suddenly," co-founder and CEO Devin Finzer wrote in a blog post. "Over the coming years, billions of people will be introduced to digital ownership, and we’ve built OpenSea as a trusted entrypoint into that world."
Delivering on a vision for an interoperable global standard for dollar digital currency, Circle and TRON have partnered to make USD Coin (USDC) available on the TRON blockchain, which has grown to more than 56 million accounts and nearly 2.5 billion transactions since its founding just four years ago. TRON is home to a broad ecosystem for digital assets in Asia and around the world, and the TRON community can now benefit from easy access to the world's fastest-growing, regulated dollar digital currency.
The Canadian Securities Administrators, an umbrella group for securities regulators in the country, alongside a self-regulatory organization for the investment industry, has released new guidance for crypto exchanges on the use of social media as well as advertising and marketing.
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