Inside The Coinbase NFT Marketplace (And The Company That Helps Power It)

Inside The Coinbase NFT Marketplace (And The Company That Helps Power It)

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Last week, Coinbase, the largest cryptocurrency exchange in the U.S., finally launched its long-awaited marketplace for digital collectibles. The platform, first announced in October, became available for a small number of users (from a waitlist of 3 million), with more to be added over the coming weeks.

One of the companies who help power that is San Francisco-based decentralized exchange infrastructure provider 0x ZRX Labs, who just closed a $70 million Series B financing round led by Greylock Partners at an undisclosed valuation.

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Revealed exclusively to Forbes, the round also included investors such as Pantera, Jump Capital, OpenSea, and Jared Leto. Previously, 0x raised $24 million in a ZRX token sale in 2017 and $15 million in a Series A equity round, led by Pantera Capital. America’s largest cryptocurrency exchange, Coinbase, which last week launched its own NFT marketplace powered by 0x’s technology, also participated in the raise.

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