On January 18th, OpenSea announced that it had acquired Dharma Labs for an undisclosed amount. The world’s top NFT marketplace was recently valued at $13.3 billion following its latest funding round.
Sources at the 2017-founded firm told Reuters that deal would help it “dramatically improve the experience of buying, minting, and selling NFTs” on its platform.
Axios reported that the two companies were in talks earlier this month, adding that:
“Deal terms are still being hammered out, with current talk of an all-stock deal valued at between $110 million and $130 million.”
Source: Martin Young, 19th of January 2022; https://cryptopotato.com/opensea-acquires-dharma-labs-to-explore-fiat-for-nfts/