Amid the downturn in the NFT market, with global sales dropping to $8.7 billion in 2023, OpenSea, a major player in NFT transactions, is working on OpenSea 2.0. The development coincides with changes in the industry, including the surge of blockchains like Solana and the introduction of new assets like Ordinals on the Bitcoin blockchain.… Continue reading OpenSea 2.0: Market Revival And Focus On NFT Utility
Tag: OpenSea 2.0
OpenSea Offloads 50% of Workforce In A Massive Restructuring Initiative
Top non-fungible token (NFT) marketplace OpenSea confirmed it will lay off 50% of its workforce in a huge restructuring move. CEO Devin Finzer highlighted in an X thread that the restructuring is meant to focus on “the next version” of their product. Early Reception And Achievements Launched in 2017, OpenSea appeared in the market when… Continue reading OpenSea Offloads 50% of Workforce In A Massive Restructuring Initiative