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
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.
According to OpenSea's official social media account, OpenSea has now launched an update to the collection card on the profile page, the best offer on the collection page (displaying the highest offer and other top indicators on the NFT collection page), and the activity Mint price (displaying Polygon in the activity feed) , Klaytn, and Ethereum minting prices) three new features.
Before it expired, the offer stood at approximately 10x the amount of the domain's last sale.
OpenSea froze approximately $2.2 million worth of stolen assets yesterday after gallery owner Todd Kramer’s precious NFT collection was stolen from his hot wallet.