OpenSea has thrived as a freewheeling market for NFTs with few rules and little oversight. But when things go wrong, even crypto fans want an authority to turn to.
SAN FRANCISCO—Four-year-old OpenSea has gained fame and a $13 billion valuation by staking a claim as the world’s biggest marketplace for some of the buzziest new items to trade, nonfungible tokens.
It has also become a haven for fakes and scammers trying to get users’ money or access to their newfangled assets—creating a struggle for the company that reflects a core paradox for emerging digital investments. On the one hand, enthusiasts are attracted to them because they are “decentralized,” operating largely outside the control of banks or government rules.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
OpenSea launches venture arm, NFT ecosystem grant programOpenSea's venture operation will provide capital to new projects across Web3 and the non-fungible token space.
Read more »
OpenSea Expands Into the Venture Capital BusinessAfter last month's big funding round, opensea is getting into the venture capital business. EliTanjourno reports.
Read more »
Why OpenSea's NFT Marketplace Can’t WinSecurity issues and endless copycat listings are rife, but the platform’s attempt to stop them is angering everyone.
Read more »
Why OpenSea's NFT Marketplace Can’t Win“OpenSea was really at the foundation of the NFT industry, and they were just not able to support this crazy growth.” Via WIREDUK
Read more »
Crypto Cannabis Club To Launch The First NFT-Powered Cannabis BrandCrypto Cannabis Club, an NFT collection and Metaverse community for crypto and cannabis enthusiasts, recently announced the launch of the first ever NFT-powered cannabis brand.
Read more »
YouTuber Logan Paul Files Trademarks for NFT Marketplace, DAO VenturesYouTuber loganpaul has filed several Web 3-related trademarks, including rights to an NFT marketplace and DAO community. elitanjourno reports
Read more »