OpenSea Acquires Dharma Labs, Co-Founder Named New CTO, Valuation Hits $13.3B

OpenSea, the world's largest NFT marketplace, has acquired DeFi wallet startup Dharma Labs for an estimated $110-130 million. Dharma Labs co-founder Nadav Hollander becomes the new CTO. The acquisition followed OpenSea's seed round that valued it at $13.3 billion, though some users criticize increasing centralization.