OpenSea
Celsius Reveals $1.2B Financial Hole; Terra Subsidiary Investigated
Celsius reveals $1.2 billion hole in balance sheet. OpenSea cutting 20% of its workforce. Circle’s reserve breakdown shows $13.58 billion cash and $42.12 billion in U.S. Treasurys. ETH2 merger closer as ninth shadow fork goes live. Report says Terra subsidiary used as funds channel for overseas affiliates. Play-to-earn games shifting focus to fun. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast"
OpenSea Lays Off Roughly 20% of Its Staff
CEO Devin Finzer cited an “unprecedented combination of crypto winter and broad macroeconomic instability.”
A Saudi Arabia-Themed NFT Collection Is the Latest Free-to-Mint Hit
The Saudis topped the volume charts in its debut weekend with $7.7 million in sales.
OpenSea Reports Email Data Breach
NFT marketplace OpenSea recently reported an email data breach after discovering that an employee of Customer.io had leaked the platform’s customer data to an outside party. “The Hash” group discusses solutions for security issues in Web3, noting the benefits of wallet-based logins.
OpenSea Reports Email Data Breach
An employee at an outside contractor tasked with managing OpenSea email newsletters copied the list of customer emails and shared it with an outside party, OpenSea says.
Expensive NYC Building Listed on NFT Marketplace OpenSea
A New York City office building went on sale for $29 million, with the rights to purchase the property listed as a non-fungible token (NFT) on OpenSea. The listing’s price, however, was set in ether (ETH), which has plummeted over 40% since the start of June.
OpenSea Migrates to Seaport Protocol in Bid to Lower Transaction Costs
The NFT marketplace says the move to the open source protocol could reduce gas fees by as much as 35%.
Will Crypto Markets Be Regulated Like Traditional Markets? One NFT Lawyer Weighs In
“They [consumers] should have confidence that the marketplace works, and it's not stacked against them,” said NFT and Web 3 lawyer Moish Peltz on CoinDesk TV’s “First Mover” program.
NFT & Web 3 Attorney on the First NFT Insider Trading Case
The U.S. Department of Justice charged former OpenSea staffer Nate Chastain for wire fraud and money laundering on allegations he misused confidential information to trade NFTs. NFT & Web 3 Attorney Moish Peltz discusses his take on the charges, the legal considerations of digital collectibles, and the potential outcomes.