United States tech investment firm Coatue Management has marked down the value of its stake in nonfungible token (NFT) platform OpenSea by 90%.
On Nov. 7, The Information rapporteret on a document it reviewed showing that Coatue had reduced its investment from $120 million to $13 million — implying that OpenSea has fallen to an on-paper valuation of $1.4 billion.
Coatue also marked down its investment in Web3 payment provider MoonPay by 90%.
In January 2022, OpenSea rejste $300 millioner i en serie C-runde led by crypto venture capital firm Paradigm and Coatue. The outsized investment saw the NFT platform valued at $13.3 billion.
Following a stubborn bear market and a year-long slump in NFT trading activity, OpenSea announced a 50% reduction in staff on Nov. 3 as part of its plan to relaunch as OpenSea 2.0.
1/9
OpenSea laver nogle store ændringer i dag for at fokusere på den næste version af vores produkt.- Devin Finzer (dfinzer.eth) (@dfinzer) November 3, 2023
OpenSea CEO Devin Fizner said the new version of the platform will focus on upgrading its technology and increasing its speed and quality. To Fizner, a smaller team will allow the platform to remain “nimble and attentive.”
Relateret: Elon Musk slår ned på NFT'er, men ender med at argumentere for Bitcoin Ordinals
In August, OpenSea faced criticism after it announced it var ved at trække sit operatørfilter tilbage, a feature that allowed creators to blacklist non-royalties enforcing marketplaces.
Coatue’s markdown comes amid a slump in NFT trading volumes. The sector toppede i 2021, recording over $14 billion in sales during the year. Since then, NFT popularity has been on the decline, with overall trading volumes dropping by 80% since March 2022.
A Nov. 3 report from crypto data firm DappRadar found the NFT market recorded its first month of gains in over a year, notching a $99-million increase month-over-month in October.
Magazine: X Hall of Flame: Simp DAO queen Irene Zhao on why good memes are harder than trading
- SEO Powered Content & PR Distribution. Bliv forstærket i dag.
- PlatoData.Network Vertical Generative Ai. Styrk dig selv. Adgang her.
- PlatoAiStream. Web3 intelligens. Viden forstærket. Adgang her.
- PlatoESG. Kulstof, CleanTech, Energi, Miljø, Solenergi, Affaldshåndtering. Adgang her.
- PlatoHealth. Bioteknologiske og kliniske forsøgs intelligens. Adgang her.
- Kilde: https://cointelegraph.com/news/opensea-investor-coatue-marks-down-investment
- :har
- :er
- $OP
- 2022
- 7
- a
- aktivitet
- Efter
- tillade
- tilladt
- også
- Midt
- an
- ,
- annoncerede
- ER
- AS
- At
- AUGUST
- Husk
- Bjørn marked
- været
- Big
- Billion
- Bitcoin
- men
- by
- kapital
- kapitalselskab
- tilfælde
- Direktør
- Ændringer
- kappe
- Cointelegraph
- kommer
- skabere
- kritik
- krypto
- kryptodata
- krypto venturekapital
- DAO
- DappRadar
- data
- Afvis
- Devin Finzer
- dokumentet
- ned
- Dropper
- i løbet af
- ender
- håndhæve
- ETH
- konfronteret
- Fallen
- Feature
- Firm
- Fornavn
- Fokus
- Til
- fra
- gevinster
- godt
- voksede
- havde
- Hall
- hårdere
- HTTPS
- in
- Forøg
- stigende
- oplysninger
- investering
- investor
- Irene Zhao
- IT
- ITS
- januar
- Led
- Making
- ledelse
- Marts
- markeret
- Marked
- markedspladser
- memer
- million
- Måned
- Moonpay
- Musk
- Ny
- næste
- NFT
- nft marked
- NFT-platform
- NFT handel
- NFT'er
- NonFungible
- Ikke-fungibel token
- november
- oktober
- of
- on
- OpenSea
- operatør
- vores
- i løbet af
- samlet
- paradigme
- del
- betaling
- fly
- perron
- plato
- Platon Data Intelligence
- PlatoData
- popularitet
- mulig
- Produkt
- udbyder
- kvalitet
- optagelse
- Reduceret
- reduktion
- relancering
- forblive
- indberette
- Tilbageførsel
- revideret
- Said
- salg
- så
- sektor
- Series
- Serie C
- siden
- Slams
- slump
- mindre
- nogle
- Kilde
- hastighed
- spil
- Stater
- hold
- tech
- Teknologier
- end
- at
- oplysninger
- derefter
- til
- i dag
- token
- Trading
- handelsmængder
- Trend
- Værdiansættelse
- værdi
- værdiansættes
- venture
- venturekapital
- venture kapital firma
- udgave
- mængder
- Web3
- hvorfor
- vilje
- med
- år
- zephyrnet
- Zhao