Paradigm and Coatue led a $300 million funding round that cements NFT marketplace OpenSea as one of the most valuable companies in crypto.
The New York Times reported Tuesday night that investors valued OpenSea at $13.3 billion, up sharply from the startup’s $1.5 billion valuation from a $100 million Series B announced last July.
Tuesday’s big numbers show the rapidity with which OpenSea has ensconced itself as the leading venue for trading non-fungible tokens. In the last 30 days alone, the marketplace for prized profile pics and other digital collectibles logged 1.6 million Ethereum transactions and a trading volume of $2.4 billion, according to data compiled by DappRadar.
