Breaking Down OpenSea’s $23 Million Raise in NFT Boom
As one of the first NFT-centered open marketplaces on the web, OpenSea has enjoyed a surge in popularity as collectors and speculators alike latch onto the red-hot trading of non-fungible tokens. From a startup that launched nearly 4 years ago at the advent of early-NFTs (i.e. Ethereum-based CryptoKitties), the company has now grown to sell digital assets ranging from digital art, gaming items to even domains. “Creators, musicians, artists, influencers, and gamers are diving headfirst […]
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The nonfungible token marketplace processed 1.18 million transactions worth $1.06 billion in the last 30 days alone. Trading volumes on peer-to-peer nonfungible token (NFT) marketplace OpenSea have surged by over 12,000% in 2021.DappRadar data shows that the total incoming value to OpenSea’s smart contracts increased to $56.07 million on Wednesday compared to $73,556 on Jan. 1. Meanwhile, the marketplace’s user count increased from 315 to 14,520 in the same period — a 4,423% increase.OpenSea historical activity. Source: DappRadarA major portion of OpenSea’s trading volume spike happened....
The New York City-based bitcoin exchange Coinsetter has filed to raise up to $1.5 million in venture capitalist funding with the United States Securities and Exchange commission. The company's CEO, Jaron Lukasiewicz, said that Coinsetter was only planning to raise $1 million, but would like the flexibility to raise more funding as the exchange prepares to launch to the public. It is currently in private beta. The company managed to raise about half-million USD back in April of this year, and this next round will certainly go a long way in improving the service, which hopes to attract....
Despite OpenSea’s massive lead in cumulative settlement volume, popular NFT game Axie Infinity ranks first by user base and total number of trades. OpenSea has become the first nonfungible token (NFT) marketplace to process 11-figures worth of NFT trades.According to NFT data aggregator Dapp Radar, the pioneering marketplace has hosted more than $10.3 billion worth of transactions since launching in December 2017.The platform has seen exponential growth this year, with the platform having processed $2.5 billion worth of trades for the entirety of the first half of 2021.Since the beginning....
Solana, a proof-of-stake, smart contracts-enabled currency, is aiming to raise $450 million in a funding round that was extended last March. The Solana ecosystem, which is backed by Sam Bankman-Fried, founder and CEO of derivatives exchange FTX, would use these funds to take on Ethereum supremacy in the Defi ecosystem. Solana to Raise $450 Million in Funding Round Solana, the FTX-backed, proof-of-stake coin is aiming to raise $450 million in a funding round that was set to close, but instead expanded in March, according to a report from Decrypt. The outlet, citing anonymous sources, states....
The French cryptocurrency hardware wallet manufacturer Ledger is seeking to raise fresh new capital after raising $380 million in June 2021, according to sources familiar with the matter. The hardware wallet company Ledger is reportedly looking to raise at least $100 million from strategic investors. Crypto Hardware Wallet Manufacturer Ledger Is Reportedly Looking to Raise $100 Million in Funding According to Bloomberg, the French crypto hardware wallet manufacturer Ledger is seeking more funds after the firm’s Series C last June. At the time, Ledger raised $380 million in a finance....