OpenSea is the first and largest marketplace for user-owned digital goods, which include collectibles, gaming items, domain names, digital art, and other assets backed by a blockchain. If we find individuals to be in violation of our sanctions policy, we take swift action to ban the associated accounts.". The top non-fungible token (NFT) marketplace came clean about its insider trading incident in a blog post on Wednesday. Nate Chastain, head of products at OpenSea, claims that the marketplace is home to around 98% of all trading volume. The start-up participated in the 2018 winter edition of Y-Combinator start-up school (YC W18), after which it raised its initial funding round of $2.12 million. Opensea has become the latest non-fungible token (NFT)-focused firm to raise funds this year as the company announced raising $100 million in a Series B this week. 3 min read Leading NFT marketplace OpenSea has teased its 500k strong userbase with a cryptic tweet revealing that direct fiat payments and profile customisations will. Set up your wallet Once you've set up your wallet of choice, connect it to OpenSea by clicking the wallet icon in the top right corner. Forward-looking statements, including without limitations investment . It is about Ukrainian women who protect our . play_circle_filled. OpenSea is a peer-to-peer digital marketplace for crypto collectibles and NFTs. Find company research, competitor information, contact details & financial data for OpenSea GmbH of Küsnacht ZH, ZÜRICH. OpenSea's latest round is another sign of the boom times in crypto venture capital. OpenSea's latest funding round in July 2021 was reported to be $100 m. In total, OpenSea has raised $150.2 m. OpenSea's latest valuation is reported to be $1.5 b. OpenSea is reimbursing users who had their non-fungible tokens snatched up and resold for far below market value on Monday. On Feb. 20, 2022, the scammers started sending phishing emails impersonating the OpenSea team. OpenSea saw a 646-fold increase in trading volume in 2021, surpassing US$14 billion. OpenSea valued at $13.3 billion in new round of venture funding. OpenSea tweeted on Friday, "We are currently investigating a potential vulnerability in our Discord, please do not click on any links in the Discord." Meanwhile, the support team has issued similar statements inside OpenSea's Discord server. Xendit has just announced a $300 Million fundraising. FTX's funding round is a good example, in which the crypto exchange was valued at $25 billion. Large quantity. If you sent money to scammers: You should contact your financial institution and explain that you were scammed. OpenSea is seeking a seasoned Technical Accounting & Reporting Manager who enjoys operating in a high-growth environment to help solve technical accounting issues for emerging significant, non-routine, and unique transactions. Per the report, OpenSea didn't initiate the investment talks, which came just four months after the company raised $100 million to reach a $1.5 billion valuation. Eli is a news reporter for CoinDesk. It is a platform to buy and sell exclusive digital . Statements that you won something - If you haven't participated in a lottery, online competition, . The valuation comes after venture capital firm Andreessen Horowitz led a $100 million funding . D&B Business Directory HOME / BUSINESS . The issue, while not new, resurfaced in a . OpenSea CEO Devin Finzer Made a Clear Statement about $1.7 Million Phishing Attack 3 OpenSea Users Were Stolen $1.7M . OpenSea CEO Devin Finzer. And OpenSea, with a daily trading volume of around $77 million and big-name backing, is at the heart of the NFT ecosystem. The full impact of the thefts could take weeks to understand, but even firm . This makes OpenSea the definitive dominant platforms in the NFT . Axios, which reported the talks, said Dharma Labs has raised about $15 million in funding. The protocol, dubbed Seaport, allows users to acquire NFTs in a range of new ways. TBALLER saw their Bored Ape Yacht Club (BAYC) NFT get sold for around $1,800 on OpenSea — 99% below the floor price — due to a user interface (UI) issue on the NFT marketplace. Our goal is to help improve the current humanitarian situation in Ukraine. Voyager Digital has just announced a $60 Million fundraising. 3:39 What is Opensea? OpenSea CEO Devin Finzer Made a Clear Statement about $1.7 Million Phishing Attack 3 OpenSea Users Were Stolen $1.7M . OpenSea offers a vast array of various types of digital assets and is the largest NFT marketplace as of 2021. The item in question, BAYC #2162, is now marked with a "reported for suspicious activity" tag on OpenSea, the world's largest NFT marketplace. Being prepared. Popular M&A news in Financial Services. The buyer who poached the NFT then resold it immediately for nearly $200,000, making a profit of $198,000 within an hour. OpenSea did not disclose the terms of the deal. Debuted at Art Basel in December 2021, Rothschild sold 100 versions of the NFT on OpenSea where they've since been removed. Buying an NFT from this collection, save lives. An OpenSea bug destroyed 42 NFTs last year. At the time, OpenSea had processed less than $1 billion in volume for the year and was averaging $8.5 million a month in fees for the year. He holds ETH, SOL and AVAX. New York, New York, United States opensea.io/ 1 Highlights Acquisitions 3 Investments 3 Total Funding Amount $427.2M Contacts 35 Employee Profiles 8 Investors 55 Recent News & Activity News • May 12, 2022 With the new payment options, OpenSea aims to attract more conventional buyers. That said, the worst result for NFT Land from Nate Chastain's trading games, is that major media outlets are juxtaposing 'OpenSea' and 'Insider Trading' in the headlines: Financial Times. Rumors of insider trading at NFT marketplace OpenSea are true, according to a statement from the start-up, which was recently valued at $1.5 billion. One of the biggest winners of this year's NFT boom looks set to host an initial public offering. In fiat terms, OpenSea reimbursed around $1.8m to users who unwittingly . OpenSea declined to share the financial terms of the deal. OpenSea Funding Summary Metrics OpenSea's latest funding round in July 2021 was reported to be $100 m. In total, OpenSea has raised $150.2 m. OpenSea's latest valuation is reported to be $1.5 b. OpenSea Capital Raised Amount Raised Seed Seed Series A $0 $10 m $20 m $30 m Embed Graph View OpenSea profile Competitors SingularityNET However, earlier speculation from Axios around the acquisition suggested that Dharma was worth $110 million to $130 million.. Dharma Wallet Will Come to an End. OpenSea's valuation in July 2021 was $1,500M. OpenSea's Recent Discord Hack. Police Plaza Concord (13th Floor), Tower- 02, Plot # 02, Road # 144, Gulshan Avenue, Dhaka- 1212. "It's a decentralized market, [OpenSea] should just provide the tools and let the market decide on every trade themselves. The investigation revealed a critical security vulnerability, which, if exploited, allows hackers to hijack user accounts and steal crypto wallets by enticing them through malicious free non-fungible tokens (NFTs). OpenSea's monthly trading volume in August exceeded $3 billion (image courtesy of Dune Analytics). Research firm Crunchbase's data said it has . OpenSea has finally issued a statement regarding the platform's ban on Iranian users. We speculated that an attack method existed in the wild around OpenSea, so we initiated a thorough investigation of OpenSea's platform. By Anvi March 4, 2022 2 Mins Read. Roberts was integral to ride-sharing app Lyft's successful IPO in . On February 19, it was reported that NFT collectors were losing NFTs and Ethereum from their wallets.OpenSea has now confirmed that the incident was the result of a phishing scam, in which over $1.7 million in assets were transferred to the malicious wallet. When an NFT is featured on the site's homepage, there's a good chance . Your financial aid will help sustain those who need it most: the injured, the refugees, and all other affected Ukrainians. Checkpoint cybersecurity experts revealed that the attackers made victims authorize an Atomic Match_ request responsible for NFT transfer logics on OpenSea.. Then, the attacker re-sent the same request to a legit OpenSea account; due to its specific, mentioned interaction—signed by the NFT owner . As the entire NFT market measured US$25 billion in 2021, OpenSea accounted for 56% of the transaction volume. OpenSea Planning Initial Public Offering. OpenSea is the world's first and largest NFT marketplace. 05 Jan, 2022, 05.34 PM IST. On OpenSea, anyone can buy or sell these items through a smart contract. At the time of removal, the bags boasted a trading value of $1.1 million. Download Investor Presentation Visit SEDAR Profile Financial Statements Period Ending Oct 31, 2021 Q1 Management Discussion & Analysis Period Ending Oct 31, 2021 Q1 Financial Statements Period Ending Jul 31, 2021 Year End OpenSea provides a one-stop shop to discover, buy, and sell any non-fungible digital asset that conforms to a popular standard like ERC721, and it also quickly tells you the . Dharma says that it will "sunset" its wallet over the next month and has instructed users to withdraw their funds before Feb. 18.. Funds can still be accessed after that date through . (posted on May 19 2022). I wanted to make a good living Wyle helping people achieve their life goals and provide homeownership. Reporting into the Director of Technical Accounting & Reporting, you will be responsible for understanding the finer details of proposed or executed transactions through . In the two months after a16z's investment was announced, OpenSea's GMV more than sextupled to $6.4 billion, with fees moving in synch. The OpenSea Refund. On February 19, it was reported that NFT collectors were losing NFTs and Ethereum from their wallets.OpenSea has now confirmed that the incident was the result of a phishing scam, in which over $1.7 million in assets were transferred to the malicious wallet. 5:23 Opensea's Explosive Growth 8:57 Using Opensea 12:25 Properties of Collections 15:08 Buying on Opensea 18:17 Listing on Opensea 21:23 Valuing NFTs on Opensea 25:57 Conclusion ~~~~~ Disclaimer . Opensea is the leading NFT market in terms of trade volume and during the last seven days, Opensea saw $519.51 million in volume, according to dappradar.com stats. NFT traders Monday were parsing the aftermath of an OpenSea phishing attack that resulted in hundreds of NFTs being stolen over the weekend. This will bring about true "monetary and financial freedom." - Kun Hu (CEO of Worldmoney) Newsletter Sign . How should I chose a Financial Planner/Advisor? That looks like an absurd steal now. About OpenSea is an NFT marketplace that enables users to discover, collect, and sell blockchain-based digital assets. OpenSea issued the following statement, "We are actively investigating rumors of an exploit associated with OpenSea related smart contracts. The information contained herein is for informational purposes only. And this is how a compromised NFT can be the path to account hijacking. Application Filed: 2018-08-15. Conclusion Brian Roberts - who previously worked at Lyft, Microsoft, and Walmart - is OpenSea's first Chief Financial Officer. OpenSea successfully raised $300 million in a funding round earlier this year which took its valuation to $13 billion. He admitted that he sees a lot of potential in the non-fungible token industry and vowed . With over 153,000 investments under our management, $5 billion+ in assets under our administration, over 11 industry awards, we have made opensea-finance.com the safe haven for investors who want to trust their financial partner to be capable of helping them reach their financial goals, and in due time, without the fear of disappointments. OpenSea product lead Nate Chastain has resigned after evidence surfaced proving they'd leveraged insider knowledge to snap up NFTs before the public had a chance, netting a healthy Ether profit. Investment bank Jefferies expects the NFT market to surpass US$35 billion in 2022 and US$80 billion in 2025. CNBC. . OpenSea provides the link between the consumer layer and the infrastructure layer for the digital goods economy and is a key utility in this new world of digital ownership. This appears to be a phishing attack originating outside of OpenSea's website." Despite the statement and the circulation of the news, NFTs are still being transferred to the malicious address at the time . Opensea Application #88079614. Total Funding $426M About OpenSea Stock OpenSea is the first (and largest) peer-to-peer marketplace for crypto goods (like eBay for crypto assets), which include collectibles, gaming items, and other virtual goods backed by a blockchain. OpenSea revenue generation OpenSea has a rather simple revenue generation strategy. OpenSea has finally issued a statement regarding the platform's ban on Iranian users. In a letter to Hermès, Rothschild wrote, "So I got your cease & desist letter. Credit: Decrypt. There was insider trading on NFT platform OpenSea, the $1.5 billion start-up admits. OpenSea users with Iran-based internet protocol addresses are claiming their accounts were terminated on Thursday in what is . Trademark Application Details. While the volume is decent, it . Using the Values that were instilled in me by the military (Loyalty, Duty, Respect, Selfless-Service, Honor, Integrity, Personal Courage) I became one of the top producers in the . Financial Times . After honorably serving in the U.S Army for 8 years (1992 to 2001) I was drawn to the housing market by my family. OpenSea has 3,553 competitors including PayPal (United States (USA)), Nubank (Brazil) and Antares Capital (United States (USA)). Our NFT collection is not about war. The first major crypto-focused company listed on Nasdaq. An OpenSea spokesperson told Blockworks in a statement that the company has been "actively reaching and reimbursing affected users," and is taking the matter "incredibly . 0x99ed had an NFT worth $90,000 frozen by OpenSea because it had been acquired and resold by a hacker. The new round of funding, led by investment firms Paradigm and Coatue Management, brings the startup's valuation to a staggering $13.3 billion just four years after it was founded. Per the report, OpenSea didn't initiate the investment talks, which came just four months after the company raised $100 million to reach a $1.5 billion valuation. Low platform fees. Nothing herein shall be construed to be . Find our latest audited financial statements as well as our corporate charters, policies, and other related documents here. "Yesterday we learned that one of our . In response, OpenSea's CEO Devin Finzer said… The platform boasts one of the lowest fees among . Company Description: OpenSea GmbH is located in Küsnacht ZH, ZÜRICH, Switzerland and is part of the Business Support . Popular NFT marketplace OpenSea just launched a new marketplace protocol to buy and sell NFTs. If that were to occur, Coinbase would unquestionably one of the largest financial exchanges in the world. Seven-day trading volume on the site is currently down more than 20 percent, according to crypto data tracker DappRadar, while the total value of assets on the site is down 98 percent. Mark For: OPENSEA® trademark registration is intended to cover the categories of providing an online marketplace for buyers and sellers of crypto collectibles; Providing an online marketplace for buyers and sellers of blockchain-based non-fungible . FINANCIAL MODELLING Financial Modelling being broadly used for a multitude of tasks, mainly focuses on corporate finance exercises that would include cash flow forecasting, business valuation, scenario planning, capital budgeting, cost of capital calculations and financial statement analysis, most of which would generally fall in the scope of project finance. Overnight, news hit the wires of OpenSea refunding 750 ETH to users who had succumbed to NFT exploits. The filings are to cover a . Andreessen Horowitz led the Series B funding round, including participation from angel investor Michael Ovitz and actor-investor Ashton Kutcher. OpenSea, the world's largest Non-Fungible Token (NFT) marketplace, has disabled trading for a Bored Ape Yacht Club (BAYC) NFT on its platform amid an ongoing court case in Singapore, Asia. OpenSea Stock Price, Funding, Valuation, Revenue & Financial Statements Total Raised $425.12M Investors Count 3 Deal Terms 2 Investments 2 SUGGEST AN EDIT OpenSea Funding, OpenSea Valuation & OpenSea Revenue 5 Fundings OpenSea's latest funding round was a Series C for $300M on January 4, 2022. Good chance Dharma Labs has raised about $ 15 million in funding or,. Crypto startups Rothschild wrote, & quot ; said Twitter user 0x99ed in a blog post on.! Was $ 1,500M it had been acquired and resold by a hacker the issue, while not new resurfaced! To around 98 % of the biggest winners of this year & # ;. Offers a vast array of various types of digital assets and is the financial! 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