OpenSea launches venture arm, NFT ecosystem grant program

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OpenSea launches venture arm, NFT ecosystem grant program
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OpenSea's venture operation will provide capital to new projects across Web3 and the non-fungible token space.

OpenSea is the latest crypto company to enter the venture capital scene.

"We hope that OpenSea Ventures will provide Web3 developers and NFT creators around the world with the resources they need to build new decentralized economies that give creators, developers, and consumers greater freedom and ownership," the firm said.

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