OpenSea Open to Acquisition Possibilities
OpenSea navigates market turbulence, strategizing through acquisitions and broadening NFT applications, despite a significant decline in trading volume and market share.
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OpenSea navigates market turbulence, strategizing through acquisitions and broadening NFT applications, despite a significant decline in trading volume and market share.
In a significant blow to OpenSea, a colossal wave of devaluation has hit the NFT marketplace. Coatue Management, a prominent player in asset management, has sent shockwaves through the market by slashing OpenSea's valuation by a drastic 90%.
This is the latest in a line of initiatives that OpenSea has announced this year, amid fierce competition with its rival BLUR
Opensea conveyed that users would no longer have the ability to list or purchase NFTs minted on the BSC chain on the platform.
If audio NFTs are "up next," you can count OpenSea and Warner Music Group (WMG) as two parties that are going to be aggressively present on the frontlines.
Leading NFT marketplace OpenSea has announced it will add the layer-2 Ethereum scaling solution Arbitrum.
OpenSea estimates that users can save 35% in gas costs by optimizing transaction efficiency.
The firm estimated that users can save 35% on gas fees with newly optimized transaction efficiency.
The largest decentralized exchange (in terms of total value locked) Uniswap had acquired genie.xyz, a decentralized NFT marketplace last month.
The NFT market OpenSea announced on Friday the launch of a new Web3 market protocol, Seaport Protocol, for the safe and efficient buying and selling of NFTs,