2026-01-07 23:25:43

Polymarket just closed a funding round at a $9 billion valuation. Looking at the bigger picture, this looks remarkably similar to OpenSea's $13 billion raise back in 2022. Both were riding massive momentum in their respective markets—one in prediction markets, the other in NFTs—only to see reality check in shortly after. The trajectory these projects follow tells us something about how the crypto market prices hype versus fundamentals. When valuations disconnect from adoption metrics, the correction tends to be swift and painful.

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OnchainDetectiveBing

· 7h ago

Another 900 million valuation, haven't you learned from OpenSea's lesson yet?

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SleepyValidator

· 01-07 23:55

9 billion valuation? Here we go again, not learning from the NFT era, huh?

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NotFinancialAdvice

· 01-07 23:51

It's the same old trick again. Predictive markets will be hot for two years and then collapse. I bet five bucks on Polymarket, but it can't beat the fate of OpenSea.

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gas_fee_trauma

· 01-07 23:49

NFT Nabo has completely overwhelmed me, and with Polymarket's $9B valuation, I'm thinking about trying again?

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PaperHandSister

· 01-07 23:36

Another hyped-up project, I bet five dollars that Polymarket won't reach the level of OpenSea.

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SatoshiHeir

· 01-07 23:29

It should be pointed out that this is just another cycle of history. We've grown tired of the story of OpenSea long ago, and the path Polymarket is taking now... frankly, it's just that user growth hasn't kept up with the valuation increase, and on-chain data will speak for itself.

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