Opensea Acquires Dharma Labs, Co-Founder Is Named New CTO
Opensea, one of the biggest NFT marketplaces globally, recently announced it is acquiring Dharma Labs. The price is believed to be between $110 million and $130 million. As a result of the new agreement between the two companies, Nadav Hollander, a co-founder at Dharma Labs, will become the new chief technology officer (CTO) at Opensea. Opensea’s New Valuation One of the leading marketplaces for NFTs globally, Opensea recently confirmed it is acquiring the defi crypto wallet startup Dharma Labs. The acquisition of Dharma Labs for a price thought to be between $110 million and $130....
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The NFT marketplace buys the nearly five-year-old DeFi protocol but does not share financial terms. OpenSea announced Tuesday the acquisition of Dharma Labs, a cryptocurrency lending platform and digital wallet, for an undisclosed amount. According to the statement, Dharma Labs would effectively shut down and its co-founders, Nadav Hollander and Brendan Forster, will become OpenSea’s new chief technology officer and its head of strategy, respectively.OpenSea claimed this acquisition will help accomplish its mission to scale product development, grow its team, expand its safety and....
The startup for trading in decentralized finance (DeFi), Dharma, has now enabled automated clearing house (ACH) purchases in 10 U.S. states.
The leading NFT marketplace, OpenSea has just acquired NFT aggregator Gem in order to offer users more options. The move is all part of their effort towards providing the “pro” user experience. OpenSea is one of the world’s first and largest marketplace for trading NFTs or digital artworks. The platform has received $20 billion worth […]
Dharma’s Uniswap governance proposal risks giving it too much power, according to critics in the community. Decentralized exchange Uniswap is currently undergoing its first governance vote, which was submitted by open-source lending protocol Dharma. But a number of community members have raised concerns that if successful, the proposal will hand Dharma too much control over the future direction of Uniswap.The proposal, for which voting ends on October 19, suggests a reduction in token governance and quorum thresholds. This potentially gives the top holders — of which Dharma is one —....
Forbes has named 15 crypto business leaders in its latest 30 under 30, with OpenSea co-founder Alex Atallah and Alamada Research co-CEOs Caroline Ellison and Sam Trabucco making the cut. Forbes has named 15 youthful crypto business leaders on the 2022 edition of its 30 under 30 list.Despite its misleading name, the annual Forbes 30 under 30 list is actually comprised of 600 people aged 30 and under from a total of 20 categories such as finance, gaming and music. Notable alumni from last year’s edition include FTX and Alameda Research founder Sam Bankman-Fried, and Brian Tubergen, the....