As part of the deal, Dharma co-founder Nadav Hollander will become OpenSea’s chief technology officer. Co-founder Alex Atallah had previously been in the CTO role. Atallah will step into a new role overseeing “NFT ecosystem development efforts,” according to the company blog post.
“[Co-founder] Devin [Finzer], Alex and the entire OpenSea team have shown incredible tenacity and grit over the past four years in taking their original idea for an NFT exchange to where it is today,” Hollander said in a statement. “I’m excited to focus on scaling OpenSea’s tech to meet the reliability, performance and uptime benchmarks its users expect and deserve.”
Just like Dharma, OpenSea serves assets on the Ethereum mainnet and Polygon’s Matic network, perhaps explaining why the firm was an acquisition fit. Dharma also boasts key integrations with many U.S. banks.
The vision to be the "Robinhood of DeFi" ends now, however. Dharma said the app will be shut down in one month.
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