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OpenSea has established itself as a dominant force in the NFT ecosystem, offering a decentralized platform for creators and collectors to engage with digital assets. Since its inception in 2017, it has expanded rapidly, becoming synonymous with NFT trading, reaching of over $5B monthly volume.
On July 19, 2021, OpenSea raised $100M in a Series B round led by Andreessen Horowitz (a16z). Other notable participants included Coatue Management, Creative Artists Agency.