OpenSea launches "OpenSea Ventures" and "Ecosystem Grants"
This article comes fromDecrypt, Original Author: Andrew Hayward
Odaily Translator | Nian Yin Si Tang
Summary:
This article comes from
, Original Author: Andrew Hayward
secondary titleAnnounceSummary:
- Top NFT marketplace OpenSea has launched an investment arm, as well as a community grants program.
- OpenSea was recently valued at $13.3 billion and generated over $5 billion in NFT transactions in January.
OpenSea, the Leading Marketplace in the Emerging NFT Industry Today
Announce
An investment arm to fund startups and projects in the Web3 space, and a community grants program to support community initiatives to benefit the wider Web3 and NFT ecosystem.
OpenSea Ventures will provide funding, advice, technical support and strategic connections to the portfolio companies. The unit will be led by OpenSea co-founder Alex Attalah, and in addition to receiving support from company leadership, OpenSea will also provide support from partners and investors including Andreessen Horowitz (a16z), Animoca Brands, Katie Haun and musician 3LAU.
According to today's announcement, the investment arm will focus on four key themes:
1. Continue to transform to a multi-chain world, including homogeneous and non-homogeneous NFT;
2. Create and support NFT-related protocols;
3. Social and Web3 game projects as a distribution mechanism for encryption and NFT elements;
4. Development of NFT aggregators and analytics to support activity on OpenSea and other NFT marketplace platforms.
At the same time, OpenSea also announced the launch of the Ecosystem Grants program (Ecosystem Grants), which aims to support more creators, developers and enthusiastic community members to enrich and expand the NFT ecosystem. The program will allocate grants in three main categories:
1. Usability and tools: Improve the user experience of buying, selling, and transferring NFTs, as well as providing tools for NFT creators to unleash their creativity;2. Community education: provide resources and support for new users, and lower the entry threshold for NFT and Web3;3. Accessibility and inclusivity: Create a space where all people have access to the opportunities that NFTs provide.OpenSea also plans to expand its grants program in the future as it receives community feedback.OpenSea initially hopes to support short-term projects that can be launched within two quarters of receiving a grant, but the company will gradually refine its criteria and broaden its focus. The company plans to set up a review committee and release initial details and criteria before selecting the first recipients.
According to data from DappRadar, the wider NFT trading market will generate 2021$25 billion transaction volume. With the second half of OpenSeatransaction volume surge。
, which became the main contributor to this figure.Ahead of today's announcement, OpenSea'sMonthly trading volume just hit a new record
: In January, the volume of NFT transactions on Ethereum and Polygon exceeded $5 billion. This shatters OpenSea’s previous record of just under $3.5 billion set last August, when the NFT market
Start to soar to new highsAlso last month, Opensea announcedCompleted $300 million Series C financing at a post-money valuation of $13.3 billion
, led by Paradigm and Coatue. It is reported that the main uses of the funds include accelerating product development, significantly improving customer support and customer security, making meaningful investments in the wider NFT and Web3 community, and developing the team.
