OpenSea, the largest NFT marketplace, acquires DeFi wallet startup Dharma Labs for $110-130M. Co-founder Nadav Hollander becomes CTO; former CTO Alex Atallah shifts to Web3 ecosystem development. Dharma Labs app to be shut down.
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.
OpenSea has confirmed its acquisition of Dharma Labs in a deal reportedly valued at $110 million to $130 million. The move includes shutting down Dharma’s app and appointing co-founder Nadav Hollander as OpenSea’s new CTO.
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On July 2, 2026, Stripe Inc. announced the acquisition of Privy, a provider of Bitcoin and crypto wallet infrastructure. This marks Stripe's second major digital asset-focused purchase this year, following its $1.1 billion acquisition of stablecoin firm Bridge. Privy helps companies embed Bitcoin and crypto wallets directly into apps and websites, powering over 75 million accounts and serving more than 1,000 developer teams processing billions in transaction volume. Clients include OpenSea, Hyperliquid, Blackbird, Toku, and Farcaster. Founded in 2021 by Henri Stern and Asta Li, Privy raised over $40 million from investors such as Ribbit Capital, Definition, and Coinbase Ventures, with a last valuation of $230 million. Post-acquisition, Privy will operate as a standalone product and integrate with Stripe's payment capabilities and Bridge's stablecoin infrastructure to enable next-generation global internet-native financial services.
