Seeking Alpha
2022-01-18 20:34:15

OpenSea buys DeFi wallet platform Dharma Labs, welcomes new chief tech officer

Non-fungible token market OpenSea acquires crypto wallet firm Dharma Labs in a move that "will be a force multiplier for NFTs and web3 adoption," the company's blog says. Additionally, OpenSea welcomes Co-Founder and CEO of Dharma Labs Nadav Hollander as its new chief technology officer. Hollander's initial mandate at OpenSea will be to improve the technical reliability and uptime of its products, as well as building web3-native mechanisms, the blog reads. Meanwhile, OpenSea Co-Founder and current CTO Alex Atallah will step into a new role where he will oversee the company's web3 and NFT ecosystem development efforts. He will also serve as the company's representative for the NFT Security Group. Publicly traded NFT-related stocks: (BBIG +24.3%), Liquid Media Group (YVR -3.1%), WISeKey International (WKEY -2.5%), Dolphin Entertainment (DLPN -2.7%), Hall of Fame Resort and Entertainment (HOFV -4.8%) and Color Star Technology (CSCW -2.3%). Earlier, this month, OpenSea raised $300M, valuing

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer