On the heart of the NFT growth earlier this 12 months was OpenSea, the NFT market that has been the go-to store for purchasing and promoting NFTs. The corporate introduced a $300 million Collection C spherical in January, notching a $13.3 billion valuation. However since then, buying and selling volumes have dropped greater than 90% amid a bear market that has additionally seen a big drop in crypto buying and selling after high-profile bankruptcies that embody Celsius, FTX and BlockFi.
I caught up with OpenSea CEO Devin Finzer final week to replicate on the previous 12 months and listen to what’s within the works at OpenSea. Right here’s a portion of that dialog, and yow will discover extra of it on The Data quickly. It has been edited for brevity and readability.