05/01/2022 Scoop: NFT marketplace OpenSea in talks to buy Dharma Labs
NFT marketplace OpenSea is in talks to acquire Dharma Labs, a digital wallet for cryptocurrencies, Axios has learned from multiple sources.
Why it matters:NFTs have exploded in popularity, as everyone from global consumer brands to indie artists have rushed to sell digital collectibles, and user-friendly crypto wallets are critical to the industry's future growth.
Details: Deal terms are still being hammered out, with current talk of an all-stock deal valued at between $110 million and $130 million.
- Founded in 2017, Dharma Labsinitially built a protocolfor cryptocurrency lending and participated in Y Combinator's program that same year.
- It has raised about $15 million from investors like Green Visor Capital and Coinbase Ventures.
- OpenSea is finalizing a new round of funding at a $13 billion valuation, as first reported byEric Newcomerand confirmed by Axios. It last raised money in July 2021 at a $1.5 billion valuation, led by Andreessen Horowitz.
Neither OpenSea nor Dharma Labs agreed to comment for this story.
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https://www.axios.com/opensea-nft-dharma-acquire-f6df00d5-1cc0-463a-95fd-2f5039947ed8.html
Interesting NFTs
trump 2020
This is a photo i took of my son playing around in one of our cat carriers, redressed to express the concern and damage the continuation of the trump administration could bring to the world in 2020 and beyond.
Unlike the majority of my historic work found on opensea, all content was conceived and taken by me, so felt perfect to use as my first piece on Known Origin.
Pending Gerbil #10/23
The #PendingGerbil drew his breath nervously. Fail Dropped Dropped and Replaced There were nothing in this world he feared more.
He looked at the chords that crossed the abyss in front of him. They were loaded with pending gerbils, clinging for their life. No open space to be seen.
The world machine creaked under the load. As the wheel turned and settled on a new block with a load bang, the chords vibrated, and short shrieks were heard as tired paws lost their grip and the gerbils fell into oblivion.
#PendingGerbil closed his eyes, sent a short prayer to @VitalikButerin, and took the leap. Written by: @Werekitty1
Pending Gerbil is a very special collaboration with NonFunGerbils (https://nonfungerbils.com/pendinggerbil)
The Pixel
The Pixel is a single pixel statement. It is created to validate.
The Pixel is a digitally native artwork visually represented by a single pixel (1x1). It is a token that signs the most basic unit of a digital image in a traditional global auction house. It is a tiny mark to carry digitally native art to a potential future history.
Shinobu-zuri, pages from an erotic illustrated book (pages 7 and 8)
Katsushika Hokusai (1760-1849)
Shinobu-zuri, pages from an erotic illustrated book (pages 7 and 8)
1830 - Japan
Selection Pass #081
Each Selection Pass grants the owner the right to select an artwork from Light Years by Dmitri Cherniak. The lower the Selection Pass number you own the earlier you are granted access to choose your preferred artwork. This selection process starts on 5th Dec 2022 at https://lightyears.fellowship.xyz/