On November 17, a report disclosed that Opensea, the leading non-fungible token (NFT) market, was “providing new investment offers,” according to two unknown sources familiar with the matter. According to sources, this investment may increase Opensea’s valuation by six times, reaching a market valuation of $10 billion.

The report said Opensea provided a valuation of 10 billion U.S. dollars

In the first week of November, the popular NFT market Opensea More than $10 billion According to statistics from dappradar.com, in historical sales.At the time of writing, dappradar.com metrics indicate that Opensea’s historical sales are equivalent to 11.11 billion USD Nowadays.

Now, according to a report Published by Kate Clark and Berber Jin of theinformation.com, Outside sea New investment offers are being accepted, and the new investment may increase the company’s market value to 10 billion U.S. dollars.

Two sources told Clark and Kim that the NFT market did not “initiate” financing as people familiar with the matter emphasized. “Investors are clamoring for a share of the pie.”

Fundraising rumors came after the company’s most recent B round of financing in July.Outside sea Raised $100 million In a round of financing led by well-known investors such as Andreessen Horowitz and Tobi Lutke, Kevin Durant and Ashton Kutcher. After the B round of financing, the company entered the unicorn position with a valuation of 1.5 billion US dollars.

Since August, Opensea’s transaction volume has declined month by month

Two sources from theinformation.com editorial did not disclose investors who were allegedly clamoring to invest in Opensea. The source did say that the sales volume that Opensea saw this summer was the reason why the company was looking for NFT market share. However, since August, index Data from Dune Analytics shows that sales are declining month by month.

Opensea supports the Ethereum blockchain and Polygon blockchain. On November 17, the company introduce Opensea mobile app for Android and iOS. Opensea’s daily trading volume on Ethereum (Ethereum) Dropped to October, and Polygon transaction volume increased. Ether sales on Opensea rose by a notch in the second week of November.

What do you think of the sources that Opensea is investing and increasing its valuation by six times? Please tell us your thoughts on this topic in the comments section below.

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