OpenSea on Tuesday announced the acquisition of Dharma Labs, a digital wallet and cryptocurrency lending platform, for an undisclosed amount. According to the statement, Dharma Labs will effectively close and its co-founders, Nadav Hollander and Brendan Forster, will become OpenSea’s new CTO and Chief Strategy Officer, respectively.
OpenSea stated that this acquisition will help it fulfill its mission of driving product development, growing its team, expanding its security and reliability efforts, and investing in the non-fungible token (NFT) ecosystem and Web 3.0.
I’m happy to finally share that we’ve acquired @Dharma_HQ to help us scale our engineering, product and customer support! https://t.co/NnJdSFBzvo
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