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OP3N Raises $28M To Build ‘WhatsApp Meets Amazon’ for Web3

OP3N, a web3 AI-powered platform, raised a $28 million Series A round that values the company at $100 million. The fresh capital will be used to further develop its application as well as grow its leadership team.

OP3N’s chat-based product, Superapp, aims to bridge the gap between Web 2.0 and web3 through implementing blockchain and decentralized technologies into Web 2.0-friendly interfaces. The application will have the ability to add audio, video and mixed media content to on-chain interactions so users can have a “one-stop” experience.

The funding round was led by Animoca Brands and included investments from Dragonfly Capital, SuperScrypt, Creative Artists Agency and New Enterprise Associates’ Connect Ventures, Republic Crypto, Avalanche’s Blizzard Fund, Galaxy Digital and Warner Music Interactive. Additional investors include GSR Markets, The Spartan Group, BRV Capital Management and NBA player Russell Westbrook, among others.

In 2021, OP3N closed its $10 million seed round from investors like Goodwater Capital, Soma Capital, 500 Global, WhaleShark, Twitch co-founder Justin Kan and The Sandbox co-founder and COO Sébastien Borget, to name a few.

(By Jacquelyn Melinek)

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