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OpenSea Announces Acquisition of Dharma Labs, Its Founder Will Become New CTO

January 19, 2022
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On January 19th, NFT trading market OpenSea announced the acquisition of Dharma Labs, a cryptocurrency lending platform and digital wallet development company.

Meanwhile, Nadav Hollander, co-founder and CEO of Dharma Labs, will become OpenSea’s new chief technology officer, and another co-founder, Brendan, will serve as OpenSea’s head of strategy.

According to a statement from Dharma Labs, its Dharma smart wallet will be retired within 30 days. As such, it urged its users to withdraw or sell their funds by February 18, 2022, and clarified that they would not have to pay any fees for it.

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