Opensea may be seeking acquisition? CEO maintains an open stance,

Indra55

Have you all heard? Opensea seems to be a bit mysterious in seeking acquisition.
Opensea, the big player in the NFT trading market that used to dominate the scene. Do you still remember? Its previous valuation was as high as $13.3 billion, once considered the uncrowned king in the NFT field. However, with the passage of time, the plot of this story seems to have changed a bit. Recently, there are rumors that Devin Finzer, the CEO of Opensea, seems to have an open attitude towards the possibility of being acquired. He said something interesting about it: "We maintain an open attitude towards potential partnerships. If the right people come to us, we will consider it." It sounds a bit like open recruitment, doesn't it? Although Finzer admits to receiving acquisition proposals, he hasn't disclosed much about who approached them or when. He also emphasized that Opensea is not actively seeking acquisition and doesn't have any plans to be acquired by others.

I don't know if you remember, at the end of last year, Opensea even laid off half of its employees. Finzer explained that it was just to adjust the team, making them more efficient and flexible, and it was not due to economic pressures to downsize. However, interestingly, Finzer has been quite busy lately, having meetings with top executives of major luxury brands, talking about collaborating on NFT projects, and planning to participate in various events during Fashion Week. Wow, this is big news, especially considering that brands like Gucci and Louis Vuitton have been involved in cryptocurrencies since 2021. But, as the world is, it's ever-changing. There's also a company called Blur that has recently risen rapidly, and it's said that their trading volume has surpassed Opensea. Oh dear, this might be a bit awkward; Opensea's former dominant position seems to have been snatched away, and they must feel a bit uncomfortable.

However, Finzer seems calm, stating that they are focused on building a secure and reliable platform. They have even delisted some unreliable products, aiming to protect users. But his next words are a bit intriguing, "We have noticed that Blur has adopted many different approaches in terms of law and regulations." Could this imply something? Maybe Blur has some legal risks? We still don't know what the future holds for this company; it's recommended to keep a close eye on it.

Iti9

This is a market; where there's a market, there can be transactions at any time.

Jafar224

It's good to read more news.