![]() ![]() OpenSea's founders, Devin Finzer and Alex Atallah, honed their skills as interns and software engineers at some of the most reputable tech brands in the world, including Apple, Google, Pinterest, and Palantir. 'Like eBay at the beginning of the modern Internet' OpenSea emerged at the right time," Shah, who is not an investor in the company, wrote. Shah says OpenSea's growth can be explained by a perfect storm of the right people, product, and environment. Paradigm, a crypto-focused venture firm, and Coatue co-led the round. On Tuesday, OpenSea said it raised $300 million in Series C funding, bringing its valuation to an eye-watering $13.3 billion. Its transaction volume in 2021 spiked to $14 billion, up from a mere $21 million in the previous year, according to data from Token Terminal. ![]() The first marketplace of its kind built on the Ethereum blockchain, the site rode a wave of interest in blockchain technologies this past year. The company is an online marketplace for buying and selling non-fungible tokens, or NFTs, which are essentially digital collectibles like avatars and virtual real-estate. In his view, techies will likely remember 2021 as the year that OpenSea came on the scene. ![]() In 2021, Shah gave Hopin, a virtual events business, the nod for its "unreal momentum." He singled out Slack when it was a newly minted tech unicorn, and picked Coinbase in the year of bitcoin's bull run. Founded in 2017, the startup rode a wave of interest in blockchain technologies this past year.įor nearly a decade, venture capitalist Semil Shah has kept a tradition of selecting a breakout tech startup of the year and writing about it.OpenSea is an online marketplace for buying and selling non-fungible tokens, or NFTs.Esteemed venture capitalist Semil Shah has declared OpenSea the breakout tech startup of 2021.Account icon An icon in the shape of a person's head and shoulders. ![]()
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