05/01/2022 Scoop: NFT marketplace OpenSea in talks to buy Dharma Labs

Animated illustration of an ornate frame with falling dollar signs

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.

Arts

https://www.axios.com/opensea-nft-dharma-acquire-f6df00d5-1cc0-463a-95fd-2f5039947ed8.html

Interesting NFTs
EYE-ROLLA #5/25
ROLLIN EYES
#79013
By OthersideDeployer
Lemonade
Hey cutie! I'm Lemonade. I've never told anyone this, but I once groomed a dog. I'm often described as wondrous, and I own it. This will be an amewsing friendship.
Source Code for the WWW
OWNER: Sir Tim Berners-Lee Sir Tim Berners-Lee, b. 1955 Source Code for the WWW 1990-1991 Work includes: Original archive of dated and time-stamped files containing the source code, written between 3 October 1990 and 24 August 1991. These files contain code with approximately 9,555 lines, the contents of which include implementations of the three languages and protocols invented by Sir Tim; HTML (Hypertext Markup Language); HTTP (Hyper Transfer Protocol); and URIs (Uniform Resource Identifiers), as well as the original HTML documents that instructed early web users on how to use the application Animated visualization of the code being written (Video, black & white, silent), lasting 30 minutes 25 seconds A Scalable Vector Graphics (SVG) representation of the full code (A0 841mm wide by 1189 mm high), created by Sir Tim from the original files using Python, with a graphic representation of his physical signature at lower right A letter written in the README.md file (in “markdown” format) by Sir Tim in June of 2021, reflecting upon the code and his process of creating it Non-fungible Token ERC-721 Minted on June 15, 2021, ed. 1/1 Smart Contract Address: 0x86ade256037d80d6d42df8df96d5be21cd25bd8f
Like a Human 1 #3/3
Creative Challenge - 0xCert Collaboration