OpenSea, the most popular marketplace for non-fungible tokens, is fielding new investment offers that could increase its valuation roughly six times to $10 billion or higher, according to two people with direct knowledge of the matter.
The New York–based company did not initiate the new fundraising process, which comes just four months after it raised $100 million at a $1.5 billion valuation in a Series B round led by Andreessen Horowitz, say the people. Rather, investors are clamoring for a piece of the startup after its trading volumes spiked this summer. The four-year-old startup has handled over $11 billion in sales to date, including a Bored Ape Yacht Club NFT for $3 million, according to blockchain data tracker DappRadar.
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