Into the Metaverse: M&A in the NFT Market in 2022 | Allen & Overy LLP
As the market for NFTs continues to soar, tech and non-tech businesses alike are exploring M&A opportunities to prepare for the metaverse and Web3.
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As the market for NFTs continues to soar, tech and non-tech businesses alike are exploring M&A opportunities to prepare for the metaverse and Web3.
OpenSea, the largest NFT marketplace, bought NFT aggregator Gem to serve its more experienced "pro" crypto customers.
OpenSea, which was founded in 2017 and was recently valued at $13.3 billion in its latest round of venture funding, said the deal would help it "dramatically improve the experience of buying, minting, and selling NFTs" on its marketplace.
The NFT industry is moving towards more accessibility as Dharma Labs, is a cryptocurrency borrowing, lending, and digital wallet service that has been recently acquired by OpenSea.
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