Tag: nfts

OpenSea is Preparing to Launch OpenSea 2.0 – so They have Laid Off 50% of Their Staff

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.

Fractal Raises $35 million for Blockchain Gaming Assets – Justin Kan is back!

Moving assets from game to game is going to be a game changer. However, it really requires the game companies and studios to work together – which they haven’t exactly done well in the past.

Fractal is a very interesting company that can hopefully bring more companies together. I could see this working very well on Steam or by a very large company like Activision Blizzard.

https://www.cnbc.com/video/2022/04/04/blockchain-assets-are-a-new-business-model-for-gaming-says-justin-kan.html

OpenSea Launches OpenSea Ventures – Investing in Startups around the NFT Ecosystem

Opensea have just announced their own Venture fund, Opensea Ventures. The fund will seek investments in startups working in domains such as NFTs, DeFi, blockchain, and others. OpenSea co-founder Alex Attalah will lead the venture fund. 

The fund will focus on startups that produce NFTs, create NFT protocols, produce blockchain and metaverse games, and develop NFT analytics. 

This seems like a natural next step to build out an ecosystem fast and potentially tie down some assets for exclusive sale in the Opensea platform.

China Blockchain Services Network to Launch NFT Minting and Marketplace Service in China

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.

Best Blockchain, Cryptocurrency and NFT Explanation Videos I Have Seen – Well Worth the Watch

This has to be one of the most interesting Blockchain, Cryptocurrency and NFT video I have ever seen. It runs through a huge amount of topics and structures and explains them in a very simple way.

After watching the video – there are some points that stand out as great points and others which are kind of irrelevant.

Even after the first 10 minutes there are points in which the previous financial bubble seems to be the exact same structure as what is occuring with NFTs at present. Interesting.

However, this is REALLY WORTH THE WATCH