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OpenSea Expands Into the Venture Capital Business

OpenSea Ventures will be led by OpenSea co-founder Alex Atallah.

Updated May 11, 2023, 5:58 p.m. Published Feb 11, 2022, 6:18 p.m.
(OpenSea/BeFunky, modified by CoinDesk)

Popular non-fungible token (NFT) marketplace OpenSea is launching an investment arm after raising $300 million at a $13.3 billion valuation in January.

  • OpenSea Ventures is dedicated to growing the Web 3 ecosystem “through NFTs, decentralized systems and other novel blockchain uses,” said the company in a blog post.
  • Alongside the venture business, OpenSea is also launching Ecosystems Grants, which are “aimed at elevating creators, developers, and passionate community members working to enrich and expand the NFT ecosystem.”
  • The venture fund is to be led by OpenSea co-founder Alex Attalah. Among key selling points for potential portfolio companies will be access to the company’s strategic partners, including Andreessen Horowitz (a16z), Standard Crypto, Animoca Brands and Kevin Hartz's A* Capital.
  • OpenSea saw more than $5 billion worth of NFTs traded on its platform in January, a new monthly record.

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Accelerating Convergence Between Traditional and On-Chain Finance in 2026?

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Sharplink's Lubin and Chalom make their case for ether DATs as prices plunge

Sharplink CEO Joseph Chalom and Consensys CEO Joe Lubin speaking at Consensus Hong Kong 2026 (CoinDesk)

At a panel discussion at Consensus Hong Kong 2026 featuring Sharplink Gaming Chairman Joe Lubin and CEO Joseph Chalom, the two executives outlined how digital asset treasuries are evolving into a distinct institutional strategy.

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  • As institutional adoption of digital assets matures, a new corporate playbook is emerging: treat ether not just as an investment, but as productive financial infrastructure.
  • At a panel discussion at Consensus Hong Kong 2026 featuring Sharplink Gaming (SBET) Chairman Joe Lubin and CEO Joseph Chalom, the two executives outlined how DATs are evolving into a distinct institutional strategy.