OpenSea For Sale?

Alpha-Team
January 29, 2024

🌊 OpenSea Open to Acquisition

Open to Acquisition Deals: OpenSea's CEO Devin Finzer is open to acquisition offers, maintaining a flexible stance amidst the NFT market's volatility and OpenSea's valuation adjustments.

Market Share Decline: OpenSea's NFT trading volume has decreased significantly, with a 96% drop since January 2022. Rival platform Blur now dominates the market with a higher daily trading volume.

Strategic Partnerships and Layoffs: Finzer focuses on strategic partnerships, while also managing staff reductions to adapt to market changes. OpenSea continues exploring collaborations in various sectors. Read More.

️ On today's Top Picks:

🚀 LayerZero V2 is live.
🪂 Dymension $DYM redistributes unclaimed tokens.
🤖 Elon Musk refutes reports of xAI raising capital.
💸 Mesh raises $6.5M from PayPal Ventures.

Read time: ⏰ 5 minutes

Crypto News

• Harvest Fund files spot Bitcoin ETF application in Hong Kong.

• Google allows Bitcoin ETF advertisements beginning today.

• Polygon zkEVM Etrog upgrade to make the network a Type 2 ZK-EVM.

• Ava Labs (Avalanche) outlines Vryx, a scaling solution to reach 100K transactions per second.

Alpha

• Puffer Finance Crunchy Carrot Quest goes live today.

• ⭐️ LayerZero V2, the endgame for interoperability is live.

• Orbiter Finance announces Orbiter Rollup L2.

• Farcaster sign-ups for US-based users are FREE.

Airdrops

• ⭐️ Dymension $DYM redistributes unclaimed tokens.

• Mantle $MNT Journey Season Alpha rewards are live.

• Farcana $FAR airdrop scheduled for this week.

• Dmail $DMAIL unveils Airdrop Season 1 rewards for early adopters and ecosystem contributors.

• Optimism tokenless projects by Alpha Insiders.

• Hinkal early adopter badge by mztacat.

• Struct Finance airdrop strategy by Airdrop Official.

Finance News

• ⭐️ Elon Musk refutes reports of xAI raising capital.

• GRIID $GRDI Bitcoin mining firm begins trading on Nasdaq.

• Evergrande shares halted after Hong Kong court orders liquidation.

• Amazon $AMZN terminates iRobot $IRBT deal resulting in ~350 layoffs.

Security and Exploits

• Blast hosts $1.2M audit competition with Catina.

• CFTC issues warning of AI scams promising huge returns.

• Multichain hack video by Junion.

Token Unlocks

• Optimism / 24.16M $OP / ~$74.4M / JAN 29
• Nym / 3.13M $NYM / ~$598K / JAN 30
• Sui / 4M $SUI / ~$5.6M / JAN 30
• dYdX / 33.33M $DYDX / ~$91M / JAN 31
• Tornado Cash / 91.67K $TORN / ~$150.3K / JAN 31
• Acala / 27.43M $ACA / ~$2.3M / JAN 31
• Euler / 104.46K $EUL / ~$392.8K / FEB 01
• Liquity / 657.35K $LQTY / ~$841.4K / FEB 04
• Galxe / 5.18M $GAL / ~$9.6M / FEB 04

Funding

• ⭐️ Mesh, crypto & finance connectivity layer; raises $6.5M in funding from PayPal Ventures.

• Gevulot, a decentralized prover network; raises $6M in Seed funding led by Variant.

• Infrared, a proof-of-liquidity protocol; raises $2.5M in Seed funding led by Synergis.

• ImgnAi, an AI art platform; raises $1.6M in Seed funding led by Hack VC.

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Aerodrome (Base)	DOLAUSDC	80.84%
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Merkl (Arbitrum)	STEURUSDC	33.16%
Abracadabra (Arbitrum)	MIMUSDCUSDT	29.06%