Reddit tests allowing users to set any NFT as their profile picture, similar to Twitter

Reddit is testing a feature that would allow its users to set any NFT they own as their profile picture — not only its own Ethereum-based NFTs, called “CryptoSnoos,” released in limited quantities last year. A similar feature allowing users to set their NFTs as profile pictures recently launched on Twitter, where the photos themselves […]

OpenSea buys DeFi wallet startup Dharma Labs, appoints new CTO

NFT marketplace OpenSea is putting some of its freshly raised funds to good use, buying up crypto wallet startup Dharma Labs, the company announced today. The announcement follows a report earlier this month in Axios that detailed OpenSea was in talks to buy the startup for between $110 million and $130 million. Dharma’s Ethereum wallet […]

NFT volume, DAOs and the curious case of LooksRare

Like you, I check NFT marketplace volume a few times each day to keep tabs on the burgeoning market for buying and selling digital signatures on various blockchains that point to images and the like. We’re very cool. Mostly, the data is steady. OpenSea volumes tend to lead the space, with other, smaller NFT exchanges […]

A peek into Web3 power player Animoca Brands

If you haven’t heard of Animoca Brands over the last year or so, you haven’t been paying close attention. With a long and growing list of digital entertainment, blockchain, and gaming properties, the eight-year-old, 600-person Hong Kong-based outfit has quietly become one of the most active participants in a world that more and more stakeholders […]

TechCrunch+ roundup: VC advice for CEOs, 2022 e-commerce trends, OpenSea’s valuation

Data privacy is top of mind for online sellers, and for good reason: Regulators in China, Europe and North America are taking an interest, and iOS 14.5 allowed many consumers to disable data tracking, with negative consequences for companies that relied on Facebook’s granular ad targeting. Bearing those factors and others in mind, Ben Parr, […]

Can you build centralized islands in a decentralized ocean?

Hello and welcome back to Equity, a podcast about the business of startups where we unpack the numbers and nuance behind the headlines. We’re getting back up to full speed this week, so Mary Ann and Alex along with Grace behind the scenes took on our Friday show. Next week Natasha and Chris are back, and […]

Making sense of OpenSea at a $13B valuation

OpenSea, the well-known NFT marketplace, has raised a $300 million round at a $13.3 billion valuation. Newcomer broke the news yesterday before the company confirmed the transaction. For critics of the present-day cryptoeconomy and NFT market, the round was perhaps more evidence of how overheated things have become. After all, OpenSea last raised at a […]

NFT kingpin OpenSea lands monster $13.3B valuation in new raise

The NFT auction marketplace OpenSea had a blockbuster 2021 and as a result is seeing its private valuation grow more quickly than almost any other startup. The crypto firm announced late Tuesday that it closed a $300 million Series C round led by Paradigm and Coatue. The raise valued the startup at a massive $13.3 […]