OpenSea acquires Dharma Labs and a new CTO

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OpenSea acquires Dharma Labs and a new CTO
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OpenSea bought Dharma_HQ and changes CTO in hopes of improving the user experience. (Reporting via Ornella_Hdz)

Devin Finzer, OpenSea’s co-founder and CEO, believes that the “union” between the marketplace and Dharma Labs will “help us dramatically improve the experience of buying, minting, and selling NFTs on OpenSea.”

He added that the two companies 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.” As OpenSea’s new CTO, Hollander’s is expected to use his expertise to improve their products’ technical reliability and uptime, as well as to build web3-native mechanisms that reward loyal community members.to a statement from Dharma Labs, its Dharma Smart Waller will be deactivated in 30 days. It thus urges its users to withdraw or sell their funds before Feb. 18, 2022, and clarifies that they will not have to pay any fees in order to do so.

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