OpenSea Acquires Dharma Labs, Welcomes New CTO
OpenSea one of the biggest NFT marketplaces globally is thrilled to announce that they acquired Dharma Labs.
At OpenSea, 2022 will be about building across four core priorities:
- Accelerating product development to ensure we’re meeting the needs of the growing community
- Expanding trust, safety, and reliability efforts
- Meaningfully investing in the NFT and web3 ecosystem
- Significantly growing the team.
To accomplish all four core priorities they acquired Dharma Labs.
The team at Dharma is among the most talented and respected consumer crypto teams in the world, having built beloved experiences for seamlessly onboarding fiat currency to blockchains. Their teams share a vision that NFTs will be the cultural focal point of crypto’s adoption for years to come — and that vision can only be realized if using NFTs becomes easy & delightful for the average person. Ultimately, they believe this union will be a force multiplier for NFTs and web3 adoption, and help us dramatically improve the experience of buying, minting, and selling NFTs on OpenSea — whether you’re a beginner or a pro.
Meet the new CTO
With the acquisition, they welcome Co-Founder and CEO of Dharma Labs, Nadav Hollander, to OpenSea as their new Chief Technology Officer. Nadav is a seasoned leader from the early Ethereum community, having built, launched, and evangelized some of the most influential protocols & products in the DeFi space. He brings fresh crypto-native expertise to OpenSea’s leadership, having spent his career building systems that adeptly mask the complexities of smart contracts and blockchains for use by mainstream consumers. Nadav’s impact will be wide-reaching, but his initial mandate will be two core priorities: improving the technical reliability and uptime of our products, and building web3-native mechanisms for engaging with and rewarding our early and loyal community. They are thrilled to bring his deep crypto expertise into the OpenSea leadership team.
Web3 is about open, community-led, and permissionless innovation, and they are doubling down on their contribution to that ethos. They are excited to share that OpenSea Co-Founder and current CTO, Alex Atallah, will step into a new, externally facing role where he’ll oversee our web3 and NFT ecosystem development efforts. He’ll serve as OpenSea’s representative for the recently announced NFT Security Group, and will steer our soon-to-be-announced community investment efforts, focused on growing the entire NFT ecosystem.
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