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OpenSea raises $23m in Series A funding

New York based NFT marketplace raised $23m in Series A funding led by a16z.

“We just think there is a huge market. I mean, look at Apple last year. People purchased $61 billion of digital content” on the App Store, says Kathryn Haun, the Andreessen partner who led the deal. One popular video game, Epic Games’ Fortnite, made an estimated $2.4 billion in revenue on character cosmetics alone in 2018.

Tags

nft, crypto, marketplace