Announcing our $100M raise, led by a16z

A paradigm shift

It’s becoming increasingly clear that blockchains represent one of the most exciting paradigm shifts in the history of technology. Just as the Internet transformed the global distribution of information, so blockchains will reimagine the global distribution of value. But the question has always been: how exactly will this happen? Just as the Internet’s killer apps (like web pages and instant messaging) were difficult to predict early on, so too the killer applications for blockchains may be yet unimagined.

At OpenSea, we believe NFTs are emerging as one of the first consumer-oriented killer applications for blockchains. NFTs are a simple primitive for digital goods (think digital art, game items, domain names, and more) with brand new properties: they’re unique, provably scarce, liquid, user-owned, and usable across multiple applications. NFTs represent the building blocks for brand new peer to peer economies, where users have greater freedom and ownership over their data, and developers can build powerful, interoperable applications to provide real economic value to users.

From information transfer to value transfer

OpenSea’s immediate mission is to build the best possible marketplace for NFTs, and today we are proud today to remain the largest and most powerful NFT marketplace. But our broader mission is to help create the systems and standards that enable the conversion of all types of digital wealth into forms that are truly ownable and freely exchangeable. In other words, OpenSea’s broader mission is to turn the internet from an information transfer machine into a value transfer machine.

To further this mission, we’re announcing our $100M raise led by a16z, with participation from Coatue, along with Michael Ovitz, Kevin Hartz, Dylan Field, Kevin Durant, Ashton Kutcher, and Tobi Lutke. A huge thank you to a fantastic group of investors.

A multi blockchain future

As NFTs enter mainstream awareness, the technology underlying them is also evolving: the last few years witnessed a Cambrian explosion of new blockchains and scaling solutions. Today we’re officially announcing cross-blockchain support, starting with a gas-free marketplace on the Polygon blockchain. Buyers no longer have to pay blockchain fees when making trades on OpenSea, and creators can fully earn their way into crypto for the first time. Try it out here.

Join us

Today’s consumer internet feels stale. Market share has largely consolidated around just a few companies, with business models that rely on storing proprietary user data in the cloud. NFTs represent a new renaissance in the consumer Internet, and it’s a perfect time to join the ground floor. If you’re interested in a role at OpenSea, we are hiring across the board. We couldn’t be more excited about the journey ahead, and we hope you’ll join us.

Artist spotlight, July 2021

Introducing Leila Fakhrealami, Alice Labourel, and Army Risa.

I’m a Persian painter and my mixed-media female portraits capture a raw and emotive energy and expression that is a fundamental component of my path as an artist and human: my work overcomes my emotions, and is designed intellectually. Though my toolset spans from oil to watercolor and acrylic, it is my recent body of coarse and frenetic pen and ink compositions that I am showcasing on OpenSea.

OpenSea | Twitter | Instagram

French but based in Barcelona, I work as a freelance artist for architects and TV productions. As a former ballet dancer and architect, I tend to represent movement and poetry through my art, using 3D simulations, renderings, and strong atmospheres.

Each artwork tells a story that is open to interpretation, and my pieces are often based on mythological tales. I aim to stimulate the imagination with my work, and I hope my audience feels the emotion I put into every creation.

OpenSea | Twitter | Instagram

I’m a concept artist based in Indonesia. My art spans from the playful and cartoonish, to painterly realism. I have experience working in film, television, and animation, and stay active and inspired by incorporating improvisation and an expressive and consistent sketching routine into my day-to-day life. 

OpenSea | Instagram

If you’d like to suggest an artist or put your collection forward for consideration, don’t be afraid to let us know on socials. It doesn’t matter if you haven’t made any sales yet – we’re keen to spread the word about creators minting their first NFTs too!