Ethereum

Jan
05
2022
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By Ellen Britt
NFT Glossary Deep Dive: Gas / Gas Fees

NFT Glossary Deep Dive: Gas / Gas Fees

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Ellen Britt for CNT #NFT Just like you pay for gas to fuel your car, you will need to pay for gas in terms of a gas fee to run the blockchain. These fees, which are required in order to process your transactions on the blockchain, pay for the energy required to complete those transactions. One of the differences between the Ethereum platform, which powers the NFT space, and other cryptocurrencies such as Bitcoin, is that the gas fees are used by miners to process transactions. The currency used by the Ethereum platform is ether (ETH) but the gas prices…
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Jan
05
2022
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By Troy Warren
OpenSea Valued at $13.3 Billion as Ethereum NFT Market Booms Again

OpenSea Valued at $13.3 Billion as Ethereum NFT Market Booms Again

Business, In The News, NFT, , ,
By Jeff Benson | Decrypt.Co Troy Warren for CNT #NFT  #Business OpenSea had its second-best month for Ethereum NFT volume in December, so it's no surprise that VCs want in. In brief The Series C funding round was led by Paradigm and Coatue.  OpenSea raised $100 million in a Series B round in July 2021. The leading NFT marketplace OpenSea announced Tuesday it has raised $300 million in a Series C funding round and is now valued at $13.3 billion. The round was led by venture capital firms Paradigmand Coatue. KRH, the current holding name for the new fund from former Andreessen Horowitz general partner…
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