Yesterday OpenSea, the nonfungible (NFT) marketplace, announced a Series A funding round of $23 million, led by Andreessen Horowitz. Amongst the many other investors are Mark Cuban, Naval Ravikant, Tim Ferris and Alexis Ohanian. The owner of the $69 million Beeple art, Metapurse, is also an investor.
OpenSea’s previous funding was $2.1 million raised in November 2019 from Animoca Brands and several others.
As shown by the graph, nonfungible tokens have taken off this year. Each token represents a blockchain-based unique right to an object, which is often digital, such as an image, video, a sports collectible or an in-game item.
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