Virgo PR Executed Recent Funding Announcing $100M Investment From a16z, Highlighting Uptick In the Platform’s NFT Transaction Volume And Cross-Blockchain Support
Virgo PR, a New York PR agency that creates campaigns that delight audiences and attracts attention, has been appointed to work with OpenSea, the world’s first and largest digital marketplace for crypto collectibles and non-fungible tokens (NFTs) on their latest funding and cross-blockchain announcements.
OpenSea, which launched in 2017, recently announced it has raised $100 million in Series B financing led by Andreessen Horowitz (a16z), valuing the company at $1.5 billion. A16z led OpenSea’s latest funding round, with participation from Creative Artist Agency’s Connect Ventures co-founder Michael Ovitz and Ashton Kutcher. In March 2021, they raised $23 million in their series A funding round also led by a16z. The new injection of funding comes as OpenSea NFTs are expanding to more mainstream audiences, and represent an entirely new economy based on digital ownership.
Today, OpenSea is the largest marketplace for NFTs, representing gaming items, digital art and collectibles, event tickets, domain names and millions of other assets backed by blockchains. The company reported $21M in total transaction volume in 2020 and in June 2021 alone, OpenSea sold $160 million in digital assets on its NFT marketplace, surpassing $1.02 billion in 2021 thus far. .
Additionally, the company announced that all Ethereum gas fees have been removed for creators, buyers, and sellers on the OpenSea marketplace. The company also plans to invest in its next phase of ecosystem growth with increased cross-blockchain support, enabling a truly open data economy. OpenSea’s marketplace currently supports Polygon and Ethereum, and will announce additional support for Flow and Tezos in the near future. Investing in the interoperability and scalability of OpenSean’s cross-chain marketplace is part of the company’s larger vision to bring users closer to Web3.
“We’re all excited to partner with OpenSea as they continue to lead the charge of authenticating ownership in the digital space,” said Mike Paffmann, Virgo PR CEO. “Between the unicorn valuation of $1.5 billion and their consistent growth, OpenSea is showing that this space will continue to grow and we’re excited to help.”
The team succeeded in securing placements for the announcement inForbes, Business Insider, Fortune, Fast Company, VentureBeat, TechCrunch, and Coindesk along with 18 other media outlets. OpenSea garnered an estimated 11,227,351 impressions from the campaign alone.
For more information on the partnership or to see more of Virgo PR’s work, please visit https://virgo-pr.com/.