OpenSea runs an open NFT marketplace.
OpenSea runs an open NFT marketplace.
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OpenSea raises $100M at $1.5B valuation for NFT marketplace

  • Posted byby Dean Takahashi
  • Updated
  • 4 min

OpenSea raised $100 million at a $1.5 billion value from A16z to scale its open nonfungible tokens (NFTs) marketplace.

The New York-based OpenSea said it has become the largest digital marketplace for crypto collectibles and NFTs. It sells NFTs, which are uniquely identifiable digital items that can be authenticated through blockchain (the transparent and secure digital ledger behind cryptocurrencies).

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.