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

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Post time 29-2-2024 20:53:07 | Show all posts |Read mode
Opensea, the big player in the NFT trading market, used to dominate the scene. Do you still remember? Its valuation once reached $13.3 billion, and it was once considered the undisputed king of the NFT field. However, as time has passed, the plot of this story seems to have changed a bit. Recently, there have been reports that Devin Finzer, the CEO of Opensea, seems to have an open attitude towards acquisition. He said something quite interesting about the possibility of being acquired: "We maintain an open attitude towards potential partnerships. If the right person approaches us, we will consider it." It sounds a bit like open recruitment, doesn't it? Although Finzer admitted that they had received acquisition proposals, he didn't say much about it, neither about who approached them nor when. He also emphasized that Opensea is not actively seeking acquisitions, nor do they have any plans to be acquired by others.

I don't know if you still remember, at the end of last year, Opensea also laid off half of its staff. Finzer explained that it was just to adjust the team to make them more efficient and flexible, and it was not because of economic pressure to downsize. However, interestingly, Finzer has been quite busy lately, meeting with top executives of major luxury brands, saying that they want to collaborate on some NFT projects, and even planning to participate in various events during fashion weeks. Wow, this is big news, especially since brands like Gucci and Louis Vuitton started getting into cryptocurrency as early as 2021. However, this world is full of uncertainties. There is also a company called Blur that has recently risen rapidly, and it is said that their trading volume has exceeded that of Opensea. Oh dear, this is a bit embarrassing, Opensea's former dominant position has been taken away, and I guess they must feel a bit stifled.
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Post time 29-2-2024 20:54:02 | Show all posts
Now NFTs have basically lost their hype.
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Post time 29-2-2024 20:56:57 | Show all posts
This is just a market; where there's a market, there are always trades happening.
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