On April 25, Tiger Global lowered its equity value in OpenSea from $126.8 million to $302 billion, a 76% decrease. Based on this, Tiger Global has lowered OpenSea's valuation to $3 billion. As previously reported, OpenSea announced in January 2022 that it had completed a $300 million Series C financing round at a post-investment valuation of $13.3 billion, led by Paradigm and Coatue, with Tiger Global and others participating.