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WeBull is launching their crypto trading service in Australia – just after they re-opened the service in the US.
With companies like eToro – now making the majority of their revenues via crypto trading – it feels like this is going to be an easy revenue driver for WeBull.
via – Cointelegraph
OpenSea, the largest non-fungible token (NFT) marketplace, has laid off 20% of its employees. The layoffs come as the company is preparing to launch a new version of its platform.
In a statement, OpenSea CEO Devin Finzer said that the layoffs were necessary to ensure that the company is “best positioned for long-term growth.” He also said that the company is “excited” to launch version 2.0 of its platform, which he said will be “the most advanced and user-friendly NFT marketplace in the world.”
Version 2.0 of OpenSea will include a number of new features, including a new discovery engine, a more efficient search function, and a new social media integration. The new platform will also launch with support for more blockchains, including Solana and Polygon.
The layoffs at OpenSea come at a time when the NFT market is experiencing a downturn. Trading volumes on NFT marketplaces have fallen sharply in recent months, and the prices of many NFTs have plummeted.
It is unclear whether the layoffs at OpenSea are a sign that the company is struggling or whether they are simply a strategic move to reduce costs ahead of the launch of version 2.0. However, the layoffs are a reminder that the NFT market is still in its early stages of development and that it is subject to volatility.
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It has been announced that China’s state-backed Blockchain Services Network (BSN) will soft launch infrastructure for NFTs in China.
BSN said the infrastructure, known as BSN-Distributed Digital Certificates (BSN-DDC), would offer “a diverse, transparent, credible and reliable” one-stop-shop for businesses to mint and manage their own NFTs without relying on cryptocurrencies, which are banned in China.
This will be a very interesting experiment from the Chinese Government as the vast majority of NFTs in the world at the moment are based off the Ethereum network.
Here is the key difference.
Alibaba is a marketplace. They do not own the inventory of the merchandise sold. They put buyers and sellers together. Buyer and seller agree on terms online via their platform or offline.
Amazon’s main business is they own the inventory, and sell directly to the customer.
Both models have their Pros and Cons. Amazon has also turned into a very strong third party seller platform in recently years, but they still like to control a lot of the fulfilment.