For much of 2021 OpenSea was the market leader in the nascent NFT space…trading volume in several sought after projects serve to ensure that the revenue generated as well as venture capital interest increase. Most recent reports points to a 300.0M raise pushing value to $13.0B +/- one wonders why the need to raise cash if you are sitting on a cash machine. But that is the story for another time. Yet while the good times roll…OpenSea committed the #1 faux pas…failing to provide a support base for its stake holders.
see review on substack
see review on substack
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