Startup NFT Marketplace OpenSea Raises $2.1 Million

CryptoKitties on the OpenSea marketplace (OpenSea)

OpenSea, a peer-to-peer marketplace for digital items and crypto collectibles, announced the closure of a $2.1 million strategic investment round on Tuesday.

According to the announcement, Animoca Brands, gumi Cryptos, Stanford StartX, and David Pazdan from MetaMask all participated in the round as new strategic investors. Additionally, 1confirmation, Blockchain Capital, Brad Flora from YC, and Dylan Field from Figma added to their previous investments in the startup.

OpenSea notes that it is now handling around $1.8 million in monthly volume on its marketplace, which offers NFTs from popular blockchain games and a variety of other digital goods. The total amount transacted on OpenSea since its launch now sits at over $7 million.

The top-5 dapps on OpenSea by 7-day NFT volume (OpenSea)

“At OpenSea, we believe the design space for blockchain-enabled applications is wide and still largely unexplored ‚ÄĒ an uncharted ocean full of treasure and mystery,” added OpenSea’s co-founder and CEO, Devin Finzer.

This news comes the same day that the Winklevoss-led Gemini exchange acquired Nifty Gateway, a platform that enables users to purchase NFTs directly with a credit card, including those found on OpenSea.

OpenSea previously raised a $2 million seed round last May after participating in Y Combinator’s Winter batch. The investors included Founders Fund, 1confirmation, Foundation Capital, Blockchain Capital, Coinbase Ventures, Chernin Group, Stable Fund, Blockstack and a number of angel investors.

More: Gemini Expands into Non-Fungible Tokens (NFTs) with Nifty Gateway Acquisition

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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