Potential Investors are Preparing to Invest in Opensea at a $10 billion Valuation

TokenInsight news, according to The Block, NFT trading platform OpenSea has received investment offers from potential backers that value it at $10 billion or more. Opensea was reportedly last funded in July in a round totaling $100 million, led by a16z, which valued OpenSea at $1.5 billion. The current round's valuation of $10 billion means that Opensea's value has increased sixfold in just a few months. In August, the NFT marketplace reached $3 billion in volume and has remained above $2 billion per month in the months since, although volume has declined.