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..., information that OpenSea directed the FT towards as the private company does not disclose its own financial figures....
...One OpenSea investor is reported to have marked down the value of its investment by three quarters....
...“I would assume the jury decided that this is property that OpenSea was taking some steps to protect.”...
...would become popular once displayed on OpenSea’s website....
...Daily trading volumes on OpenSea, the biggest marketplace for NFTs, have plummeted 80 per cent to roughly $50mn in March, just a month after they reached a record peak of $248mn in February....
...Earlier this month, US prosecutors brought an insider trading case against a former employee of OpenSea, the marketplace for non-fungible tokens (NFTs)....
...They now sell on platform OpenSea for about $55,000. Since the peak in May 2022 global NFT sales have collapsed by 98 per cent, according to data tracker CryptoSlam....
...The Art Wars NFT page on OpenSea was taken down yesterday. OpenSea said it had received a copyright infringement notice and complied with it....
...twice as likely to want to quit immediately, the survey finds — which has an echo of last year’s result showing the high percentages of gen-Z’s wanting to leave full-time work and turn pro on Robinhood, OpenSea...
...OpenSea’s NFT trades are hailed as a tangible example of web3, touted as a decentralised financial wonderland. Of course, OpenSea is itself an intermediary....
...The NFT crowd increasingly relies on OpenSea for revenue and copyright arbitration (as well as occasionally having their data hacked by phishing scammers)....
...This week, a New York jury convicted Nathaniel Chastain, a former employee of NFT marketplace OpenSea, of wire fraud and money laundering, based around claims that he had selected tokens to appear prominently...
...“When we learned of Nate’s behaviour, we initiated an investigation and ultimately asked him to leave the company,” an OpenSea spokesperson said on Wednesday....
...Bidding on OpenSea is now open, with all proceeds donated to preferred equity holders on a first-come-first-served basis (and contingent on them telling us about the due diligence process)....
...In the same month, a former OpenSea employee was convicted in the first ever NFT insider trading case. But the allegations around Sigma go to the heart of the industry....
...Celebrity endorsements and social media hype helped encourage people to spend billions of dollars to acquire NFTs from marketplaces such as OpenSea....
...That is more than the 2mn buyers on OpenSea, the largest NFT marketplace, according to data from Dune, a blockchain analytics company. The plan was first reported by the Financial Times in January....
...OpenSea, one of the jewels in Animoca’s portfolio and valued at $13bn in January 2022, saw its NFT trading volumes also plummet 85 per cent last year....
...One year after artist Beeple sold an NFT for $69mn the number available on marketplace OpenSea has reached 250mn, boosted by celebrity endorsements and interest from Silicon Valley venture capital, Facebook...
...(Garbage Day) — The financial industry sends curiously expensive texts (Bloomberg) — OpenSea layoffs (Twitter) — The challenge of checking facts while manufacturing consent (Nieman Lab) — Activist investor...
...It went on sale on OpenSea, the most popular platform for buying and selling digital collectibles, to raise funds for the miner’s PinkPolarBear Foundation that aids polar research....
...Andreessen’s portfolio includes the crypto exchange Coinbase, NFT marketplace OpenSea, and Flowcarbon, a crypto carbon credit venture set up by former WeWork chief executive Adam Neumann....
...OpenSea said on Wednesday that the incident was “incredibly disappointing”....
...To the extent an NFT market still exists, the social media giant wades into a market stuffed with competition, including established crypto-native marketplaces such as OpenSea, Rarible, SuperRare and LooksRare...
...OpenSea, the biggest NFT marketplace, was valued at more than $13bn last month....
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