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OpenSea's Valuation Plummets 90%: Why Hedge Fund Coatue Management Soured On NFT Marketplace
Wednesday, November 8, 2023 - 2:24pm | 616Coatue Management, a tech-focused investment firm, has lowered its valuation of its investment in the NFT marketplace OpenSea. Coatue's stake has been decreased drastically from $120 million to just $13 million, The Information reported. This adjustment suggests that OpenSea's...
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Rumors Of MetaMask AirDrop Spread Like Wildfire: Scam Leads To Jump In Transactions
Wednesday, March 29, 2023 - 3:54pm | 349MetaMask, a popular Web3 wallet provider, has issued a warning to its users about rumors circulating on social media regarding an imminent AirDrop. Reports of the AirDrop have been circulating on Twitter, with some users falling for the scam. What Happened: Cryptocurrency influencers have...
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Blur Challenges OpenSea With Zero-Fee NFT Marketplace, Pushes February Trading Volumes To $2B
Friday, March 3, 2023 - 3:08pm | 360The non-fungible token (NFT) market is seeing a surge in trading volumes, with February recording the highest numbers since May 2022, according to DappRadar's latest industry report. What Happened: The data platform revealed NFT trading volumes reached $2 billion, with much of the growth...
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Opensea Valuation Hits New Record $13B With Increased Surge In Volume: Report
Tuesday, January 4, 2022 - 4:55pm | 565Leading NFT marketplace OpenSea could hit a new record valuation as a private company, according to a recent report. What Happened: OpenSea is in talks to raise funds at a valuation of $13 billion, according to Newcomer and author Eric Newcomer. The new funding round would be led by Coatue,...