1) Sharing a technical run-down of the phishing attacks targeting @OpenSea users, including some web3 technical education.
👇 2) After reviewing the malicious orders, the following data points stand out:

1/
Today, Dharma is officially joining forces with OpenSea, and I’m honored to be joining @dfinzer @xanderatallah and team as OpenSea’s new CTO.

Here’s how we got here, and some of the challenges I’m excited about 👇🏻 2/
I met @dfinzer in 2017 shortly after starting Dharma Protocol. After (unsuccessfully) trying to recruit him to join Dharma, we kept in touch.

When CryptoKitties happened, Devin told me about an idea he had to build an ERC721 marketplace. Needless to say, that was a good idea.

1/ We launched something big today.

Thread on "why" — and more importantly "how" — we're vying to build "the Robinhood of DeFi" 🧵

https://twitter.com/Dharma_HQ/status/1288853793493250048

2/ First — "why".

Permissionless, automated market makers like @UniswapProtocol have compressed the time it takes to make an asset tradeable to, effectively, zero. As a result, the number of tradeable crypto assets will rapidly and increasingly trend towards infinity.

1/ #DeFi is less about building trustless financial products than it is about building financial products whose trustworthiness can be productized & delivered by software.

A good analogue for this is the FDIC vs. SSL: 2/ The little FDIC logo on a bank's website is a critical trust-builder for American consumers — how else can I know my money won't disappear if I put it in the bank?

1/ Is it *truly* possible to prevent crypto assets from being traded in secondary markets?

Thread ⬇️ 2/ The most obvious motivating example is tokenized securities, most of which will require some degrees of restricted secondary trading, but this is crucially relevant to decentralized governance as well, insofar as vote-buying needs to be prevented.