OpenSea has become the latest crypto unicorn after it announced a $100 million Series B funding round led by venture capital firm Andreessen Horowitz at a valuation of $1.5 billion.
The unicorn status is attributed to firms that are valued at over $1 billion, and OpenSea now joins a long list of crypto unicorns such as Coinbase, Animoca Brands and Chainalysis to name a few.
We’re expanding! Announcing our $100M raise and $1.5B valuation, led by @a16z
OpenSea is also now cross-blockchain. NFTs that you create can now be gas-free, allowing creators to fully earn their way into crypto for the first time
Details ↯ https://t.co/EeQfyZTxUA 1/2
— OpenSea (@opensea) July 20, 2021
The fundraise included participation from hedge fund and private equity firm Coatue, along with backing from figures such as former Walt Disney president Michael Ovitz, actor Ashton Kutcher and NBA star Kevin Durant.
In a July 20 blog post, alongside the $100M funding round OpenSea also officially announced expanded-blockchain support,