OpenSea Worth 13.3 Billion USD🚀

The world's biggest NFT marketplace is getting bigger. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Market Activity Total Market Cap $2.23 (-0.40%) 24 Hour Volume $95.04B (+1.64%) Notable Movers[(MINA) $4.21]( (+17.38%) Notable Movers (DeFi)[(GRT) $0.7201]( (+8.65%) Bitcoin Dominance 39.28 %[(-0.12)]( Bitcoin Price[(BTC) $46,345.77 (-0.91%)]( Ethereum Price[(ETH) $3,802.57 (-0.73%)]( Cardano Price[(ADA) $1,33 (-0.43%)]( Editor's Note Choppy Waters for OpenSea? As you'll find out in our news digest below, champagne corks are flying after OpenSea managed to raise another $300 million from investors. While there's no disputing that OpenSea is one of the biggest NFT marketplaces out there, it's going to face some pretty stiff competition in 2022. Coinbase is putting the finishing touches to its own platform. And big entertainment brands such as ViacomCBS — which owns beloved shows such as SpongeBob SquarePants — also plan to go direct to consumers. OpenSea established dominance in a landscape where there was very little competition. We now know that transaction volumes rose 600x in 2021. What remains to be seen is how the company will fare if the NFT bubble bursts… and if future growth will be stymied as newcomers buy collectibles through the big names they're familiar with. Today’s Top Stories Check out [CoinMarketCap Alexandria]( for tech deep dives, analysis, daily news and easy-to-understand guides on how crypto works! [Today’s Top Stories ]( Sachs: BTC can hit $100,000]( Goldman Sachs believes Bitcoin can hit $100,000. The investment bank's prediction hinges upon the world's biggest cryptocurrency continuing to wrestle market share away from gold. Analyst Zach Pandl's target has a longer-term view — and anticipates this may happen within the next five years. If realized, this six-figure milestone would be a 115% increase from the price of $46,458 seen at the time of writing. Estimates suggest that the public own $2.6 trillion worth of gold at present. Crypto faces fresh criticism]( The antivirus giant Norton is facing a fresh wave of criticism over a feature that allows subscribers to mine crypto when their computer is idle. First unveiled last summer, Norton Crypto enables users to participate in a pool that's designed to uncover brand-new Ether. The controversy lies in how Norton takes a 15% cut of the crypto generated through mining — and on top of that, users need to pay transaction fees if they want to transfer funds to a Coinbase wallet. now valued at $13.3 billion]( OpenSea has raised $300 million in a Series C funding round — taking the NFT marketplace's total valuation to a whopping $13.3 billion. In a blog post, the company says that it plans to use this capital to accelerate product development, improve customer support and levels of safety on the platform, "meaningfully invest in the wider NFT and Web3 community," and grow its team further. CEO Devin Finzer wants OpenSea to become "the world's friendliest and most trusted" NFT platform. Thanks for reading! Have a great day — more news tomorrow! [Facebook]( [Twitter]( [Instagram]( [Telegram]( Written by Molly Zuckerman and Connor Sephton Was this email forwarded to you? [Sign up here](. WANT MORE CRYPTO BITES? [Sign up here]( for Daily Newsletters, Promotions and Events and Prices [App Store]( [Google Play]( [ADVERTISE]( | [CAREERS]( | [FAQ]( © 2022 CoinMarketCap [Update Settings]( | [Unsubscribe]( [coinmarketcap.com]( CoinMarketCap OpCo LLC, 8 The Green, STE 6703, Dover, Delaware 19901, United States