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While ETH is taking a dump, let's remember that builders are what move the space forward. Let's talk about that.
@opensea recently acquired @Dharma_HQ - a DeFi application.
Let's breakdown what that means for Opensea and where NFTs are headed in 2022 and beyond
👇 🧵
@opensea recently acquired @Dharma_HQ - a DeFi application.
Let's breakdown what that means for Opensea and where NFTs are headed in 2022 and beyond
👇 🧵
1/ First, this acquisition was an "acquihire" rather than an outright purchase of the @Dharma_HQ app and its IP (an example of the latter is when Facebook bought Instagram). 
2/ Generally, the main motivation behind an acquihire is to acquire key talent and expertise that a startup or company has.
It's why OpenSea founders are taking on leadership roles at @opensea (more on that later)
It's why OpenSea founders are taking on leadership roles at @opensea (more on that later)
