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As a reminder, OpenSea is the flagship brand in the NFT world and early last year raised a $300 million Series C round at a $13.3 billion valuation. It would be a miracle if its value is even half ...
(Reuters) -The U.S. Securities and Exchange Commission has threatened to sue non-fungible tokens marketplace OpenSea, the company's CEO said in a post on social media platform X on Wednesday.
OpenSea is an American non-fungible token (NFT) marketplace headquartered in New York City.The company was founded by Devin Finzer and Alex Atallah in 2017. [2] [3]OpenSea offers a marketplace online allowing for non-fungible tokens to be sold directly at a fixed price, or through an auction.
In January 2022, OpenSea raised $300 million in new series C funding, propelling the company's valuation to $13.3 billion. [13] In January 2022, Forbes estimated the stakes in OpenSea owned by Finzer and his co-founder Alex Atallah to be worth $2.2 billion each, making them the first two non-fungible token billionaires. [ 2 ]
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Right now the free minting paragraph states that OpenSea "admitted that 80% of NFTs created with the tool were plagiarism or spam." Articles in Engadget and Vice are the cited sources, and both articles attribute the 80% figure to a social media post from OpenSea.
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The sculpture featured a green laser beam from the pier directed towards downtown St. Petersburg, reflecting to the pier several times with mirrors, finally reflecting out to Tampa Bay. [29] When ongoing technical problems with cooling the laser engine caused repeated dysfunction, the laser sculpture was shut down.