The NFT market is worth tens of billions of dollars and saw rapid growth throughout the crypto bull run. NFT exchange OpenSea, led by CEO and co-founder Devin Finzer, emerged as a clear market leader, earning a $13.3B valuation in January and controlling an estimated 90% of the overall NFT market.
Since then, it’s been a bumpy ride for NFTs. Trading volumes have fallen over 90% from their January peak, forcing exchanges, including OpenSea, to conduct steep layoffs. And for OpenSea specifically, competition is mounting, as newer entrants such as Magic Eden threaten its dominance and rumors of an OpenSea IPO have fizzled out. Big tech could stifle long-term growth in the space, too, as Apple's and Google’s high marketplace fees challenge the idea that NFT trading can ever reach mobile adoption.
There are plenty of challenges on the horizon, but there’s also tremendous potential for OpenSea to capture long-term growth in the NFT market if it does indeed occur. There are undeniable pockets of excitement in the space, so the question is whether that excitement will be realized and whether OpenSea is well-positioned to capture it.
These are some of the topics we’ll discuss with Finzer onstage at TechCrunch Sessions: Crypto. We’ll ask him about what use cases for NFTs he sees the most potential in and will hear about how the company plans to sustain its first-mover advantage and seize new growth opportunities through a bear market.
The event takes place on November 17 in Miami. Save $150 with early bird pricing and buy your pass today, and then join the web3, DeFi and NFT communities to keep up with the ever-evolving and always exciting crypto world.
( function() { var func = function() { var iframe = document.getElementById('wpcom-iframe-7262b40f625aa714fa1769781396bea1') if ( iframe ) { iframe.onload = function() { iframe.contentWindow.postMessage( { 'msg_type': 'poll_size', 'frame_id': 'wpcom-iframe-7262b40f625aa714fa1769781396bea1' }, "https:\/\/tcprotectedembed.com" ); } } // Autosize iframe var funcSizeResponse = function( e ) { var origin = document.createElement( 'a' ); origin.href = e.origin; // Verify message origin if ( 'tcprotectedembed.com' !== origin.host ) return; // Verify message is in a format we expect if ( 'object' !== typeof e.data || undefined === e.data.msg_type ) return; switch ( e.data.msg_type ) { case 'poll_size:response': var iframe = document.getElementById( e.data._request.frame_id ); if ( iframe && '' === iframe.width ) iframe.width = '100%'; if ( iframe && '' === iframe.height ) iframe.height = parseInt( e.data.height ); return; default: return; } } if ( 'function' === typeof window.addEventListener ) { window.addEventListener( 'message', funcSizeResponse, false ); } else if ( 'function' === typeof window.attachEvent ) { window.attachEvent( 'onmessage', funcSizeResponse ); } } if (document.readyState === 'complete') { func.apply(); /* compat for infinite scroll */ } else if ( document.addEventListener ) { document.addEventListener( 'DOMContentLoaded', func, false ); } else if ( document.attachEvent ) { document.attachEvent( 'onreadystatechange', func ); } } )();
Everybody wants to talk about software supply chain risks these days, whether that's security teams, developers or government officials. One of the newest members in this club is Arnica, a startup that takes a somewhat broader view of supply chain security than most of its competitors and helps companies. The round was led by Joule Ventures and First Rays Venture Partners.
The Indiegogo founder discusses the future of data and security and why Nillion, the Switzerland-based startup, is on the “cutting edge.”
New York-based Apollo Global Management (APO) has chosen Anchorage Digital to become its custodian for crypto assets.
Crypto-financed terror attacks may have quadrupled in the last few years, according to Svetlana Martynova, senior legal officer at the United Nations Counter-Terrorism Committee Executive Directorate.
Following Elon Musk's Twitter takeover, Dogecoin is on a speculative tear—though any plans for Twitter to use the meme coin have yet to be revealed.
U.S. retail giant Bed, Bath & Beyond has confirmed unauthorized access to company data after an employee was phished. In an 8-K filing to the U.S. Securities and Exchange Commission, the home goods retailer said it became aware that an attacker had “improperly accessed” company data after a successful phishing scam targeting an employee in October. This gave the hacker access to data on the employee's hard drive and other shared drives to which the employee had access.
Reeve Collins, SmartMedia Technologies co-founder, reacts to a Singapore court ruling that NFTs are properties. "We've known for a long time that NFT is a property … it's nice to see a court acknowledge that," he says. Plus, his take on NFT regulation in the U.S.; Are NFTs securities?
The Justice Department is revamping its probe into Tether.
It’s been thirteen years since the birth of cryptocurrency, and the industry has undergone dramatic changes. A lot has changed since Bitcoin emerged, and the phenomenon of digital assets was catapulted to the vanguard of the financial world.
Netflix has acquired Spry Fox, a Seattle-based independent gaming studio focused on cozy games, the streaming giant announced on Monday in a blog post. Spry Fox is now Netflix’s sixth in-house games studio. Amir Rahimi, the vice president of game studios at Netflix, said in the blog post that the acquisition will help Netflix accelerate its creative development in another popular genre.
Real estate security token offerings are blockchain-derived tokens that allow property owners to receive income from real assets.
Reports say Elon Musk wants to charge users $20 a month to keep their verified status.
(Bloomberg) — Rohan Murty saw his father build Infosys Ltd. into one of India’s national champions by pioneering a novel strategy of outsourcing technology services. Now the 39-year-old is attempting a no less daunting task of using data to make white-collar workers more efficient. Most Read from BloombergChief Justice Temporarily Stops Release of Trump Tax ReturnsLottery Winner Keeps $30 Million Jackpot Secret From Wife and ChildEven More Dry Shampoos Found to Have Cancer-Causing AgentChina Ma
While Elon Musk is telling engineers to bring back Vine, one former staffer has warned about outdated code, while the app's creators made jokes.
This is a grea time of year to get a discount on Apple productsBy Consumer ReportsIf you have an Apple lover on your holiday shopping list, you may be able to find them a great gift at a discount…
Apple announced a wide range of new products during its big Far Out iPhone 14 event in September. Since they have all now been released, it means now is the perfect time to take advantage of Apple deals and sales on current-generation products before they’re all sold out. Plus, Amazon is offering incredible early Black … The post Best Apple deals in November 2022 appeared first on BGR.
Celebrity lawyer Alex Spiro, a long-time Musk legal representative, led the conversations about the job cuts, according to the report. Twitter had over 7,000 employees at the end of 2021, according to a regulatory filing and a quarter of the headcount amounts to nearly 2,000 employees. Musk denied a New York Times report about laying off Twitter employees at a date earlier than Nov. 1 to avoid stock grants due on the day.
Amazon’s big Prime Early Access Sale was a huge success. It gave Prime members a special opportunity to shop the hottest deals of the holiday season. We saw so many best-selling products on sale at the lowest prices in 2022. Now, however, the first-ever Prime Early Access Sale is over. Or is it? 🎅🎄 Don’t … The post Oops! 76 crazy Prime Access Sale deals that Amazon forgot to end appeared first on BGR.
Elon Musk has finally made all the payments to acquire the social media company Twitter, lovingly called the ‘bird app’.
These are the best gifts for women you can find at Walmart. Shop unique gifts from Fujifilm, Apple, Keurig and more.
