Two weeks since launch, LooksRare, portrayed as a community driven challenger to the NFT behemoth OpenSea, is still printing high levels of transaction volumes. On the surface, it looks like LooksRare has gotten itself a foothold on the market. OpenSea has had, and still have, an impressive journey from around $71 million in sales a…
OpenSea, the leading NFT marketplace, is acquiring Dharma Labs, developers of a smart contract wallet that, for U.S. citizens, doubles as a mobile fiat onramp to decentralized finance, DeFi services through integrations with traditional bank accounts. According to an OpenSea blog post announcing the acquisition, OpenSea’s interest in Dharma Labs comes from Dharma’s “experiences for…
The largest NFT marketplace OpenSea has just broken its monthly transaction volume record of $3.5 billion with two weeks left to spare for this month. OpenSea crosses the $3.5 billion mark OpenSea had reached its previous ATH in August last year when transactions on its platform hit $3.42 billion. That figure has now been shattered…
NFT marketplace OpenSea totally dominates the NFT trading market with a market share of over 90 percent in trading volume. However, just two days after its launch, LooksRare, a “vampire attack” or decentralized clone of OpenSea, is looking to give the dominant player a fight. A vampire attack is a clone of an existing service…
In a blog post published on Jan 07, Moxie Marlinspike, creator and maintainer of the Signal messaging app, expressed concerns about Web3 and in particular its claim to be a new and decentralized future alternative to the platform behemoths of Web 2.0. Marlinspike begins his post admitting he, despite considering himself a cryptographer, hasn’t found…
There’s hardly a day in crypto without a celebrity announcing a purchase of a Bored Ape or some similar high-end profile picture NFT, often to be flexed in the Twitter profile of the said celebrity. Just the other day, popular rapper Marshall Mathers, better known as Eminem, purchased Bored Ape Yacht Club #9055 for 123.45…
NFT marketplace OpenSea is reportedly in talks for another funding round that would value the company at $13 billion. According to Eric Newcomer, a former Bloomberg journalist and author of the Newcomer newsletter, the deal will be led by Coatue and include participation from Kathryn Haun’s new crypto fund. NFT craze pushes OpenSea past the…
Earlier this week, the newly appointed CFO of the leading NFT marketplace, OpenSea, Brian Roberts, hinted that the crypto startup could be looking to raise new funds through an initial public offering (IPO). However, this revelation received a lot of backlash from the crypto community who felt betrayed by the thoughts of the NFT marketplace…
OpenSea could be the next crypto-related company to go public after its new CFO, Brian Roberts, revealed in a recent interview that the firm was looking to raise funds through an Initial Public Offering (IPO). OpenSea is going public During the interview, Roberts, the former Lyft CFO, revealed that going public was an option for…
After weeks of supporting Solana-based NFTs on its NFT marketplace, FTX U.S has revealed that it would now also support the trading of Ethereum-based NFTs on its platform. FTX is the first marketplace to support Solana and Ethereum NFTs According to the official announcement made by the leading crypto exchange, users of its platform can…