OpenSea Founder Exits With $7B AI Deal As NFT Empire Fades
OpenSea founder Alex Atallah pivoted to AI in 2024, founding OpenRouter , a unified API for multiple LLMs. Stripe recently acquired OpenRouter for over $7 billion, per Bloomberg. Meanwhile, OpenSea. . .
OpenSeafounder Alex Atallah pivoted to AI in 2024, foundingOpenRouter, a unified API for multiple LLMs. Striperecently acquiredOpenRouterfor over $7 billion, per Bloomberg. Meanwhile,OpenSeacontinues to decline, with monthly trading volume likely below $20 million in August 2026. Atallah’s exit highlights the shift fromNFTsto AI, whileOpenSea’s valuation remains stuck at $13. 3 billion since 2022. OpenSeaco-founder Alex Atallah made a timely pivot from NFTs toArtificial Intelligence, and it just paid off. This week, Bloomberg reported that Stripe had purchased Atallah’s AI startupOpenRouterfor over $7 billion. - Advertisement -OpenSeaonce dominated theNFTspace, seeing over $2. 7 billion in daily volume in May 2022. However, its trading activity has fallen off a cliff, with August 2026 likely to post less than $20 million in turnover, according todata. After raising $300 million from Paradigm and a16z,OpenSeareached a $13. 3 billion valuation. Yet the NFT bust, compounded byFTX’s collapse, drove visitors and traders away, and the site has never recovered. Consequently, Atallah launchedOpenRouteras a unified API for developers to access multiple large language models. The sale to Stripe marks a significant exit, though still belowOpenSea’s peak valuation. Meanwhile,OpenSealanguishes with no new funding since 2022. It remains unclear whether Atallah will reinvest his windfall into the company or move on entirely. - Advertisement -✅ FollowBITNEWSBOTonTelegram,Facebook,LinkedIn,X. com, andGoogle Newsfor instant updates. Previous Articles:US Treasury issues proposed rules for GENIUS stablecoins5 Billionaires Bet Big on SpaceX Stock Amid $140 TradingNCSC warns of macOS Screen Sharing flaw used for cryptojackingFed Holds Rates; September Hike Unlikely – GoldmanBinance gave Moscow data used to charge Ukraine crypto donorStay in the Loop🔥Join 1. 2K Smart TradersGet exclusive crypto insights, breaking news, and market analysis delivered straight to your inbox. No fluff, just facts.