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    Home»Other»OpenSea plans to launch NFT-secured loans after takeover and investment round
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    OpenSea plans to launch NFT-secured loans after takeover and investment round

    AdministratorBy Administrator05.01.2022No Comments2 Mins Read
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    The largest NFT marketplace OpenSea, which accounts for more than 88% of the turnover of indivisible tokens, is in negotiations with Dharma Labs. According to Axios journalists, we are talking about the acquisition of a startup for $ 100 million or $ 130 million.

    Dharma Lab has been developing a digital wallet that supports the universal lending protocol.

    OpenSea is interested in implementing a landing page in order to keep up with competitors, in particular, Kraken is going to issue loans secured by NFT, a number of the largest exchanges are planning to release their own marketplaces of indivisible tokens with staking services.

    Now, the ownership of NFTs, worth tens, hundreds and millions of dollars, does not bring additional income, which is accrued to investors of digital assets in liquidity pools and farm services. Staking interest, or the ability to take out a loan, would allow investors to accumulate a safety cushion. In theory, indivisible tokens should constantly rise in value, but no one knows what will happen to them during the crypto winter.

    Negotiations to acquire Dharma Labs are ongoing in parallel with the OpenSea investment round. Last year, the developers of the marketplace managed to raise $ 100 million, having received the company’s valuation at $ 1.5 billion. Now the site plans to increase its capitalization to $ 13 billion.

    The investment round is being handled by Coatue Management, collecting a pool of investors since November last year. Perhaps the December growth in NFT trading turnover will accelerate this process, until this moment the volume of the site has been constantly falling, shaking the investors’ resolve to allocate venture funding to OpenSea.




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    Investment launch loans NFTsecured OpenSea Plans takeover
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