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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]
On July 14, 2022, chief executive Devin Finzer tweeted that the company was cutting one in five of its employees. [27] [28] The daily volume of NFT transactions on OpenSea peaked at $2.7 billion on May 1, 2022, but then dropped by 99% within four months to just $9.34 million on August 28, with daily users down a third to 24,020. [29]
(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.
Devin Finzer and Alex Atallah founded OpenSea in December 2017. [1] [2] They were inspired by CryptoKitties, a blockchain-based game featuring non-fungible tokens that had been released earlier that year. [1] [2] Finzer and Atallah believed that OpenSea could be a marketplace for buying NFT tokens like these at scale. [1]
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Release notes detail the corrections, changes or enhancements (functional or non-functional) made to the service or product the company provides.[7] [8] [9]They might also be provided as an artifact accompanying the deliverables for System Testing and System Integration Testing and other managed environments especially with reference to an information technology organization.
PowerNerd received positive reviews from music critics upon release. Jordan Blum, writing for Metal Injection, gave the album a score of 9/10 and wrote "Without a doubt, Townsend still gets tons of mileage out of the uniquely philosophical and musical worlds he's crafted, making PowerNerd another superbly entertaining and intellectually, emotionally fulfilling addition to his catalog."