Share this article
NFT Marketplace OpenSea Raises $23M, Led by Andreessen Horowitz
Transaction volume on OpenSea has grown more than 100x over the last six months.
Updated Sep 14, 2021, 12:29 p.m. Published Mar 18, 2021, 4:48 p.m.
Non-fungible token (NFT) marketplace OpenSea has announced a $23 million fundraise led by Silicon Valley venture capital firm Andreessen Horowitz (a16z).
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- According to the announcement Thursday, transaction volume on OpenSea has grown more than 100 times over the last six months.
- OpenSea lists among its creator contributors DJ and producer 3LAU, who announced the tokenization and auction of his latest album on the Ethereum blockchain in February.
- Devin Finzer, co-founder and CEO of OpenSea, describes blockchain as providing the "building blocks" missing from the internet that could deliver "more vibrant, open economies in the digital world."
- Andreessen Horowitz also recently led a $25 million funding round of Ethereum scaling solution Optimism.
See also: A Hacker Was Selling a Cybersecurity Exploit as an NFT. Then OpenSea Stepped In
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
ICP Rises, Keeping Price Above Key Support Levels
Internet Computer rose, keeping the price above the $3.40 support zone, with early session volume spikes failing to produce a sustained breakout.
What to know:
- ICP rose 0.6% to $3.44 as early session volume surged 31% above average before fading.
- Resistance near $3.52–$3.55 rejected multiple breakout attempts, keeping the token range-bound.
- Support between $3.36–$3.40 held firm, maintaining ICP’s short-term higher-low structure.
Top Stories
