Foreign media: Tiger Global lowers OpenSea's valuation to $3 billion

According to ChainCatcher news, DL News reported that Tiger Global has reduced its equity value in OpenSea from $126.8 million to $30.2 million, a decrease of 76%. Based on this, DL News estimates that Tiger Global has lowered OpenSea's valuation to $3 billion.

According to the crypto data platform RootData, OpenSea announced the completion of a $300 million Series C funding round in January 2022 with a post-money valuation of $13.3 billion, led by Paradigm and Coatue, with participation from Tiger Global. (Source link)