• Loading stock data...
Friday, August 1, 2025
Tuned In returns to NYC on September 16. Hear from the biggest names in sports media. Click here to get your spot

Kevin Durant Joins $100M Round for OpenSea

  • OpenSea, an NFT auction platform made famous by Beeple’s $69 million sale, raised $100 million on a $1.5 billion valuation.
  • Kevin Durant joined the round led by Andreesen Horowitz.
Kevin Durant has taken advantage of several investment opportunities.
Kevin Jairaj-USA TODAY Sports/Design: Alex Brooks

Are NFTs here to stay? A group of investors, including Kevin Durant, put down $100 million on the answer being a resounding “yes.”

OpenSea, an auction platform for non-fungible tokens, completed a Series B funding round led by Andreesen Horowitz. In addition to Durant, the round included Creative Artists Agency and Ashton Kutcher.

CAA represents numerous athletes across the NBA, NFL, MLB, and combat sports, including Chris Paul, Zion Williamson, and Buster Posey.

The round values OpenSea at $1.5 billion. OpenSea raised $23 million in its Series A round in March.

  • The platform hosts NFTs produced by the Portland Trail Blazers, Miami Heat, and Candy Digital, which partners with MLB.
  • It hosts sports-related NFT games such as Sorare, ZED Run, and MLB Champions. 
  • OpenSea gained notoriety as the host of the artist Beeple’s $69 million NFT sale. 

OpenSea will use the funds to grow its staff and develop solutions to reduce the carbon emissions connected to its technology.  The platform said it sold $160 million in digital assets in June.

The former NBA MVP and Rich Kleiman’s Thirty Five Ventures is among a group of investors in a star-studded $3.5 million seed funding round for media platform Just Women’s Sports.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Apr 8, 2025; Phoenix, Arizona, USA; Phoenix Suns guard Bradley Beal (3) reacts during the first half against the Golden State Warriors at Footprint Center.

Bradley Beal Agrees to Suns Buyout, Will Join Clippers

Beal is the latest star player to leave Phoenix behind Kevin Durant.

As NBA Free Agency Quiets, Focus Shifts to Potential Extensions

Shai Gilgeous-Alexander signed a four-year, $285 million extension.

Nuggets, Rockets Make Aggressive Moves to Challenge Thunder

Denver took the Thunder to seven games in the conference semifinals.

NBA Draft’s Most Shocking First-Round Pick Repped by LeBron’s Agent

Rich Paul and the Klutch Sports Group represent Yang.

Featured Today

Las Vegas sign

College Sports Embracing Vegas After Years of Cold Shoulder

The Big Ten became the latest newcomer to Sin City.
2000, Jupiter, FL, USA; FILE PHOTO; Montreal Expos pitcher Hideki Irabu in action on the mound against the New York Mets at Roger Dean Stadium during Spring Training
July 28, 2025

Dead Sports Franchises Are Alive and Well on Twitter

The Expos, Sonics, and Whalers have active social media accounts.
Limited Hype
July 27, 2025

Sneaker Reselling Was Once Easy Money. Success Is Now Complicated

Vendors need to evolve what they’re selling and how they do it.
HAPPY GILMORE 2. BTS - (L to R) Adam Sandler as Happy Gilmore and Rory McIlroy as himself on the set of Happy Gilmore2.
July 26, 2025

‘Cool As Hell’: How ‘Happy Gilmore 2’ Hooked Golf’s Top Stars

The process was “cool as hell,” Adam Sandler tells FOS.
Apr 26, 2025; San Francisco, California, USA; Houston Rockets guard Fred VanVleet (5) before game three of first round for the 2024 NBA Playoffs against the Golden State Warriors at Chase Center.

Rockets Get $20 Million in Wiggle Room From New VanVleet Deal

VanVleet first signed with the Rockets in 2023.
April 20, 2025

Max Verstappen Linked to $300M Aston Martin Deal Ahead of Miami GP

Aston Martin is currently seventh in the constructors championship.
June 24, 2025

Timberwolves’ 4-Year Ownership Saga Ends As A-Rod, Lore Take Over

The unanimous approval brought a clean end to a long-disputed transaction.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
March 27, 2025

Peyton Manning’s Omaha Productions Gets PE Boost

The Hall of Famer’s company gains another prominent backer.
March 20, 2025

High School Sports Power Signs Eight-Figure Rights Deal in First

The deal pays roughly $1 million annually, FOS has learned.
March 20, 2025

Maxx Crosby’s Agent: Edge Rushers Set to Dominate NFL’s Non-QB Market

Maxx Crosby just signed a three-year, $106.5 million extension.
March 4, 2025

Eagles Make Saquon Barkley NFL’s Highest-Paid Running Back Ever

Barkley is coming off a historic 2024 season with the Eagles.