Overnight, news hit the wires of OpenSea refunding 750 ETH to users who had succumbed to NFT exploits. (posted on May 19 2022). The news, which was first made apparent by an address linked to OpenSea on Etherscan earlier Friday, was confirmed in a blog post by the company. Bigger valuations have been had in recent months. Total Funding $426M About OpenSea Stock OpenSea is the first (and largest) peer-to-peer marketplace for crypto goods (like eBay for crypto assets), which include collectibles, gaming items, and other virtual goods backed by a blockchain. OpenSea tweeted on Friday, "We are currently investigating a potential vulnerability in our Discord, please do not click on any links in the Discord." Meanwhile, the support team has issued similar statements inside OpenSea's Discord server. There was insider trading on NFT platform OpenSea, the $1.5 billion start-up admits. OpenSea issued the following statement, "We are actively investigating rumors of an exploit associated with OpenSea related smart contracts. And this is how a compromised NFT can be the path to account hijacking. "This attack did not originate on [OpenSea]," Devin Finzer, CEO and co-founder, wrote in a series of tweets. Investment bank Jefferies expects the NFT market to surpass US$35 billion in 2022 and US$80 billion in 2025. The item in question, BAYC #2162, is now marked with a "reported for suspicious activity" tag on OpenSea, the world's largest NFT marketplace. The protocol, dubbed Seaport, allows users to acquire NFTs in a range of new ways. FINANCIAL MODELLING Financial Modelling being broadly used for a multitude of tasks, mainly focuses on corporate finance exercises that would include cash flow forecasting, business valuation, scenario planning, capital budgeting, cost of capital calculations and financial statement analysis, most of which would generally fall in the scope of project finance. And OpenSea, with a daily trading volume of around $77 million and big-name backing, is at the heart of the NFT ecosystem. OpenSea Stock Price, Funding, Valuation, Revenue & Financial Statements Total Raised $425.12M Investors Count 3 Deal Terms 2 Investments 2 SUGGEST AN EDIT OpenSea Funding, OpenSea Valuation & OpenSea Revenue 5 Fundings OpenSea's latest funding round was a Series C for $300M on January 4, 2022. "It's a decentralized market, [OpenSea] should just provide the tools and let the market decide on every trade themselves. OpenSea's latest round is another sign of the boom times in crypto venture capital. Crypto VC Paradigm was among the backers, and the fund was launched by Katie Haun, a former general partner at a16z. While I am sorry you were insulted by my art, as an artist, I . I wanted to make a good living Wyle helping people achieve their life goals and provide homeownership. Chief financial officer Brian Roberts sparked a public backlash this week when he told Bloomberg that "it would be foolish not to think about going public." The statement caused an uproar among OpenSea's crypto native NFT community, many of whom see a public listing of the platform as a sellout to large institutional investors. On February 19, it was reported that NFT collectors were losing NFTs and Ethereum from their wallets.OpenSea has now confirmed that the incident was the result of a phishing scam, in which over $1.7 million in assets were transferred to the malicious wallet. Police Plaza Concord (13th Floor), Tower- 02, Plot # 02, Road # 144, Gulshan Avenue, Dhaka- 1212. Buying an NFT from this collection, save lives. Using the Values that were instilled in me by the military (Loyalty, Duty, Respect, Selfless-Service, Honor, Integrity, Personal Courage) I became one of the top producers in the . Opensea's most recent funding round landed the company a $1.5 billion valuation in July. Checkpoint cybersecurity experts revealed that the attackers made victims authorize an Atomic Match_ request responsible for NFT transfer logics on OpenSea.. Then, the attacker re-sent the same request to a legit OpenSea account; due to its specific, mentioned interaction—signed by the NFT owner . TBALLER saw their Bored Ape Yacht Club (BAYC) NFT get sold for around $1,800 on OpenSea — 99% below the floor price — due to a user interface (UI) issue on the NFT marketplace. And OpenSea, with a daily trading volume of around $77 million and big-name backing, is at the heart of the NFT ecosystem. The attack appears to be over, with 17 victims, a revision from the 32 people originally thought to be affected, according to OpenSea. D&B Business Directory HOME / BUSINESS . OpenSea Planning Initial Public Offering. Being prepared. OpenSea valued at $13.3 billion in new round of venture funding. This kind of fake shop is very confusing, especially for Chinese investors, because the English page of OpenSea, coupled with the hot Fomo sentiment, is easy to be deceived under the urge to buy. OpenSea CEO Devin Finzer Made a Clear Statement about $1.7 Million Phishing Attack 3 OpenSea Users Were Stolen $1.7M . Add social links, a description, profile & banner images, and set a secondary sales fee. On February 19, it was reported that NFT collectors were losing NFTs and Ethereum from their wallets.OpenSea has now confirmed that the incident was the result of a phishing scam, in which over $1.7 million in assets were transferred to the malicious wallet. OpenSea Funding Summary Metrics OpenSea's latest funding round in July 2021 was reported to be $100 m. In total, OpenSea has raised $150.2 m. OpenSea's latest valuation is reported to be $1.5 b. OpenSea Capital Raised Amount Raised Seed Seed Series A $0 $10 m $20 m $30 m Embed Graph View OpenSea profile Competitors SingularityNET Xendit has just announced a $300 Million fundraising. OpenSea revenue generation OpenSea has a rather simple revenue generation strategy. Brian Roberts - a tech veteran and former executive at Lyft - will join OpenSea as the project's first Chief Financial Officer. If you sent money to scammers: You should contact your financial institution and explain that you were scammed. regarding financial markets or otherwise, do not indicate or guarantee future results. The platform boasts one of the lowest fees among . Manage the timely preparation and review of financial statements Responsible for identifying, benchmarking, and documenting accounting and disclosure-related matters Assist in the design and implementation of internal control documentation Assist with all relevant corporate tax areas within your field of responsibility OpenSea has finally issued a statement regarding the platform's ban on Iranian users. Voyager Digital has just announced a $60 Million fundraising. Statements that you won something - If you haven't participated in a lottery, online competition, . People familiar with the matter said that investors are looking to invest over. Wall Street analysts, investors, and crypto enthusiasts are all speculating that Coinbase, as the first major company to IPO, could reach an incredible valuation of $100 Billion. Financial Times . OpenSea product lead Nate Chastain has resigned after evidence surfaced proving they'd leveraged insider knowledge to snap up NFTs before the public had a chance, netting a healthy Ether profit. 3 min read Leading NFT marketplace OpenSea has teased its 500k strong userbase with a cryptic tweet revealing that direct fiat payments and profile customisations will. During the war, civilian people are in a very difficult situation. OpenSea is planning to raise funds through an IPO, the company's new CFO Brian Roberts revealed in an interview with Bloomberg Monday. . OpenSea provides the link between the consumer layer and the infrastructure layer for the digital goods economy and is a key utility in this new world of digital ownership. As the entire NFT market measured US$25 billion in 2021, OpenSea accounted for 56% of the transaction volume. Nate Chastain, head of products at OpenSea, claims that the marketplace is home to around 98% of all trading volume. OpenSea's latest funding round in July 2021 was reported to be $100 m. In total, OpenSea has raised $150.2 m. OpenSea's latest valuation is reported to be $1.5 b. On OpenSea, anyone can buy or sell these items through a smart contract. An OpenSea bug destroyed 42 NFTs last year. The company makes most of its money by charging service fees whenever a digital asset is sold on its platform. Trademark Application Details. Our goal is to help improve the current humanitarian situation in Ukraine. CNBC. FTX's funding round is a good example, in which the crypto exchange was valued at $25 billion. The result was the discovery of a way to steal crypto wallets of users, simply by sending a malicious NFT through OpenSea. Get the latest business insights from Dun & Bradstreet. Learn about the wallets we support. In 2021 alone, over $30 billion in investments was invested into crypto startups. OpenSea already has backing from some of the big investors like a16z, Founders Fund, Coinbase and Blockchain Capital. Eli is a news reporter for CoinDesk. Whether positive progress for your business means taking advantage of fresh opportunities or fending off creditors long enough to survive, a robust familiarity with your financial . This makes OpenSea the definitive dominant platforms in the NFT . The start-up participated in the 2018 winter edition of Y-Combinator start-up school (YC W18), after which it raised its initial funding round of $2.12 million. . In August, OpenSea handled more $3 billion in trading volume. One of the biggest winners of this year's NFT boom looks set to host an initial public offering. A representative of the marketplace told CoinDesk in a statement, " OpenSea blocks users and territories on the U.S. sanctions list from using our services, including buying, selling, or transferring NFTs on OpenSea. Opensea has become the latest non-fungible token (NFT)-focused firm to raise funds this year as the company announced raising $100 million in a Series B this week. Forward-looking statements, including without limitations investment . Low platform fees. OpenSea is on track to surpass $27.5 billion in sales volume for 2021 with average daily fee revenue amounting to $4.2 million. Set up your wallet Once you've set up your wallet of choice, connect it to OpenSea by clicking the wallet icon in the top right corner. OpenSea admits NFT insider's trading incident. The platform cites US sanctions as the primary reason (see image below). Per the report, OpenSea didn't initiate the investment talks, which came just four months after the company raised $100 million to reach a $1.5 billion valuation. OpenSea is seeking a seasoned Technical Accounting & Reporting Manager who enjoys operating in a high-growth environment to help solve technical accounting issues for emerging significant, non-routine, and unique transactions. OpenSea's Recent Discord Hack. With over 153,000 investments under our management, $5 billion+ in assets under our administration, over 11 industry awards, we have made opensea-finance.com the safe haven for investors who want to trust their financial partner to be capable of helping them reach their financial goals, and in due time, without the fear of disappointments. NFT traders Monday were parsing the aftermath of an OpenSea phishing attack that resulted in hundreds of NFTs being stolen over the weekend. He admitted that he sees a lot of potential in the non-fungible token industry and vowed . The top non-fungible token (NFT) marketplace came clean about its insider trading incident in a blog post on Wednesday. OpenSea has 3,553 competitors including PayPal (United States (USA)), Nubank (Brazil) and Antares Capital (United States (USA)). Credit: Decrypt. OpenSea's valuation in July 2021 was $1,500M. The information contained herein is for informational purposes only. Financial Modelling being broadly used for a multitude of tasks, mainly focuses on corporate finance exercises that would include cash flow forecasting, business valuation, scenario planning, capital budgeting, cost of capital calculations and financial statement analysis, most of which would generally fall in the scope of project finance. OpenSea's official statement. The first major crypto-focused company listed on Nasdaq. If informed promptly, there's a chance to get your money back. "Yesterday we learned that one of our . OpenSea offers a vast array of various types of digital assets and is the largest NFT marketplace as of 2021. We speculated that an attack method existed in the wild around OpenSea, so we initiated a thorough investigation of OpenSea's platform. Research firm Crunchbase's data said it has . (posted on May 19 2022). According to the tweet, Ozone Networks, Inc., the owner of OpenSea, submitted two new trademark applications to the register OpenSea and its logo on April 15, 2022. An OpenSea spokesperson told Blockworks in a statement that the company has been "actively reaching and reimbursing affected users," and is taking the matter "incredibly . In response, OpenSea's CEO Devin Finzer said… He holds ETH, SOL and AVAX. How should I chose a Financial Planner/Advisor? OpenSea did not disclose the terms of the deal. At the time, OpenSea had processed less than $1 billion in volume for the year and was averaging $8.5 million a month in fees for the year. Debuted at Art Basel in December 2021, Rothschild sold 100 versions of the NFT on OpenSea where they've since been removed. The new round of funding, led by investment firms Paradigm and Coatue Management, brings the startup's valuation to a staggering $13.3 billion just four years after it was founded. With the new payment options, OpenSea aims to attract more conventional buyers. On Feb. 20, 2022, the scammers started sending phishing emails impersonating the OpenSea team. OpenSea Bars Iranian Users as US Sanctions Talk Ramps Up OpenSea users are advised to revoke token approvals and to use a hardware wallet to store their NFTs. OpenSea saw a 646-fold increase in trading volume in 2021, surpassing US$14 billion. Popular NFT marketplace OpenSea just launched a new marketplace protocol to buy and sell NFTs. OpenSea is a peer-to-peer digital marketplace for crypto collectibles and NFTs. Application Filed: 2018-08-15. It is a platform to buy and sell exclusive digital . Andreessen Horowitz led the Series B funding round, including participation from angel investor Michael Ovitz and actor-investor Ashton Kutcher. The issue, while not new, resurfaced in a . OpenSea is reimbursing users who had their non-fungible tokens snatched up and resold for far below market value on Monday. 0x99ed had an NFT worth $90,000 frozen by OpenSea because it had been acquired and resold by a hacker. Seven-day trading volume on the site is currently down more than 20 percent, according to crypto data tracker DappRadar, while the total value of assets on the site is down 98 percent. When an NFT is featured on the site's homepage, there's a good chance . The buyer who poached the NFT then resold it immediately for nearly $200,000, making a profit of $198,000 within an hour. Reporting into the Director of Technical Accounting & Reporting, you will be responsible for understanding the finer details of proposed or executed transactions through . 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