OpenSea Acquires Gem In Effort To Increase “Pro” User Experience

OpenSea's NFT empire just got bigger with its latest acquisition, while virtual influencer Rae creates an NFT collection to advance girls' education, and online chess players can now turn memorable matches into NFTs with chess.com. OpenSea buys NFT market aggregator Gem In a Monday Twitter post, OpenSea announced it had acquired NFT marketplace aggregator Gem for an undisclosed price. A blog post by OpenSea chief executive officer Devin Finzer stated that the company made this move to improve the experience of its more seasoned, “pro” users. Gem lets traders buy NFTs across various....

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....

Coinbase announced its acquisition of the Kippt team today. Kippt is a startup that focuses on "finding, reading, storing, searching and sharing information on the web." Coinbase said in their statement that Kippt's, Jori Lallo and Karri Saarinen, whom have experience in development and design, "will be joining our product team to help us continue to make Bitcoin easy to use for the everyday consumer, merchant, and developer." Jori's work can already be seen in Coinbase's app gallery and Karri's work for Coinbase goes as far back as July when they released their new design. The move seems....

On September 15, the top non-fungible token (NFT) marketplace, Opensea, revealed that an Opensea executive profited from insider trading. “Yesterday we learned that one of our employees purchased items that they knew were set to display on our front page before they appeared there publicly,” Opensea informed the public on Wednesday. Opensea did not name the employee, but social media posts accused an Opensea executive of using “secret wallets” on Tuesday. Opensea Team Says NFT Market Operators Are ‘Incredibly Disappointed’ Opensea is the leading....

As a part of the planned upgrade, all OpenSea users will need to migrate their existing NFT listings to a new smart contract. OpenSea, one of the most popular nonfungible token (NFT) marketplace, has rolled out an upgrade to its smart contract, a proactive measure to weed out inactive listings on the platform.As a part of the planned upgrade, all OpenSea users will need to migrate their NFT listings — currently hosted over the Ethereum (ETH) blockchain — to the new smart contract. The new contract is live! Start migrating your listings now: https://t.co/W1w9ciCK2D— OpenSea (@opensea)....