Following the acquisition, Opensea will move to shut down Dharma Labs’ app in what a Techcrunch reports calls a controversial move. In addition to shutting down the app, Nadav Hollander, a co-founder at Dharma Labs, will become the new chief technology officer at Opensea. Hollander takes over from Alex Atallah who is now tasked with overseeing the development of the marketplace’s web3 and NFT ecosystem.
Our teams share a vision that NFTs will be the cultural focal point of crypto’s adoption for years to come — and that vision can only be realized if using NFTs becomes easy & delightful for the average person. Meanwhile, the report notes that some of the NFT marketplace’s users have become critical of what they view as Opensea’s overly centralized structure. Others have suggested that early users of the platform may not have benefited enough from the surge in Opensea’s valuation.
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