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OpenSea later revealed a phishing attack had taken place on its platform via an exploit in the Wyvern Platform. [22] The next day, The Verge reported that hundreds of NFTs were stolen from OpenSea users causing a huge panic among the platform community. The estimated value of the stolen tokens was more than $1.7 million.
"OpenSea has received a Wells notice from the SEC threatening to sue us because they believe NFTs on our platform are securities," OpenSea co-founder and CEO Devin Finzer said. A Wells notice is a ...
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]
During the height of the breakout success of CryptoKitties and the emergence of ERC-721 tokens in 2017, an NFT marketplace called OpenSea emerged to capitalize off of the new non-fungible token standard. [47] It positioned itself early in the NFT market landscape and grew to a $1.4 billion market cap in 2021 during the then-ongoing NFT boom. [48]
Many marketplaces, such as OpenSea, value NFTs in Ethereum. So, should there be a decline in the NFT wave, which is tied closely to cryptocurrency, it may result in negative consequences for the ...
In the world of cryptocurrency, most investors are talking about the same thing: Whether or not Bitcoin will pass and sustain a price over $100,000 soon. As of this writing, Bitcoin's price is ...
This is due in large part to the sales of the Bored Ape Yacht Club NFT collection totalling over US$1 billion as well as high value auction sales from their investor, now defunct FTX. [ 5 ] [ 6 ] Various celebrities have purchased these non-fungible tokens, including Justin Bieber , Snoop Dogg and Gwyneth Paltrow .
A 7-year-old rivalry between tech leaders Elon Musk and Sam Altman over who should run OpenAI and prevent an artificial intelligence "dictatorship" is now heading to a federal judge as Musk seeks ...