OpenSea, the US-headquartered operator of an online marketplace for non-fungible tokens (NFTs), which counts app developer Animoca Brands and game publisher Gumi among its investors, secured $23m in funding yesterday.
The cash came from Andreessen Horowitz, Standard Crypto, Flamingo DAO, a range of private investors and existing backers including 1Confirmation, Pascal Capital and Blockchain Capital.
Founded in 2017, OpenSea runs a marketplace for NFTs, which are digital assets rendered unique by blockchain classification technology, allowing them to be collectible, and any NFT creator can use the platform to sell their NFTs.
The company raised $2m in 2018 from Coinbase Ventures, the investment arm of digital currency exchange Coinbase, as well as over-the-top-media company Chernin Group, Founders Fund, 1confirmation, Foundation Capital, Blockchain Capital, Stable Fund, Blockstack and various individuals.
Gumi subsidiary Gumi Cryptos then joined Animoca Brands, Stanford StartX, 1Confirmation, Blockchain Capital, YC Combinator, Dylan Field and David Pazdan in a $2.1m round for OpenSea in late 2019.
