NFT Giant OpenSea Eyeing $13 Billion Valuation: Report

NFT Giant OpenSea Eyeing $13 Billion Valuation: Report

According to a report published by tech industry insider Eric Newcomer, OpenSea, the largest non-fungible token marketplace, is seeking a valuation of $13 billion.The “eBay of NFTs” is holding a funding round spearheaded by Coatue Management, a New York-based tech-focused investment manager. Investor Katie Haun, who left venture capital giant Andreessen Horowitz in mid-December, is also among the participants. Haun sits on the company’s board alongside its co-founders, Alex Atallah and Devin Finzer.In November, The Information reported that OpenSea was yet to initiate a new fundraising process, but available investment offers would increase the company’s valuation to up to $10 billion.OpenSea is worth $1.5 billion after concluding a $100 million funding round in July. According to data provided by DappRadar, daily trading volume on the largest NFT marketplace currently stands at $162.5 million.

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