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OpenSea
How Can OpenSea Regain Dominance After Layoffs and the NFT Market Decline?
Last week, OpenSea, the former frontrunner in the NFT marketplace, confirmed the layoff of half its workforce as the NFT markets seemed to bottom out. gmoney, NFT collector and founder of 9dcc, joins Unchained to provide insight into the once-dominant NFT marketplace’s fall from grace.
Binance Unveils Self-Custody Wallet; HSBC to Start a Custody Service for Tokenized Securities
"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto headlines today, including new details about Binance's self-custody Web3 wallet. OpenSea's valuation was reportedly slashed by 90% from an investor. HSBC plans to start a custody service of tokenized securities for institutional clients. And, new data shows the rate of new cryptocurrency creation has dropped to a three-year low.
OpenSea Investor Coatue Slashes NFT Marketplace's Valuation by 90%: Report
The Information reports that OpenSea's valuation has been slashed by 90% from asset manager Coatue Management. This comes as Decrypt reports the NFT marketplace faced a workforce reduction of roughly 50% earlier this month. On Nov. 3, OpenSea CEO Devin Finzer posted on X in part, "These sorts of changes are never easy. We’re incredibly thankful to those teammates that are departing today."
OpenSea Investor Coatue Cuts NFT Marketplace's Valuation by 90%: Report
Coatue also marked down its stake in MoonPay by 90%
Former OpenSea Exec Nate Chastain Sentenced to 3 Months in Prison for Insider Trading
Nate Chastain, the former head of product at OpenSea, has received a three month prison sentence in what the prosecutors are calling the first-ever digital asset insider trading scheme. CoinDesk's global policy and regulation managing editor Nikhilesh De breaks down the latest developments.
Ex-OpenSea Executive Nate Chastain Gets 3 Months in Prison for Insider Trading
Chastain was found guilty on charges of buying and selling NFTs from collections he knew would later be featured on his former company’s home page.
Billionaire Investor Mark Cuban Says OpenSea Making NFT Creator Fees Optional Is a 'Huge Mistake'
NFT marketplace OpenSea plans to "sunset the OpenSea operator filter" and "move to optional creator fees on all secondary sales for new collections," according to a recent post on X (formerly Twitter). Billionaire investor Mark Cuban called the move a "huge mistake" as an OpenSea investor. "The Hash" panel shares their reactions and what this could mean for Web3 creators.
OpenSea’s New Deal, McNuggets Land in the Metaverse
The NFT marketplace is letting collectors trade directly with one another, McDonald’s launches a virtual experience and more Web3 news of the week.
OpenSea Makes ‘Deals,’ Launches Peer-to-Peer NFT Swaps
The new feature allows collectors to trade NFTs directly with each other as well as add WETH to “sweeten the deal.”
67% of New NFTs Minted Are Profitable: Nansen Data
According to Nansen data, 67% of new non-fungible token (NFT) mints in May are profitable. Separately, Dune Analytics notes a declining number of monthly active traders this year on Opensea, the largest NFT marketplace, amid increased weekly volume on Blur, an NFT platform geared towards professional traders. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."