OpenSea Acquires Crypto Wallet Startup Dharma Labs

NFT marketplace OpenSea has purchased Dharma Labs, a startup for digital cryptocurrency wallets. Announced on Tuesday, the news follows a report from Axios that said the two companies were discussing a deal valued somewhere between $110 million USD and $130 million USD.Dharma Labs was founded in 2017 and allows users to connect their bank accounts to their Ethereum wallets. Users then buy and swap tokens via the Dharma Lab's app, however, OpenSea will be shutting down the app as part of the new ...