OpenSea’s ValueFirst, two more OpenSea stories from over the break. From Be In Crypto:NFT marketplace OpenSea has frozen $2.2 million worth of Bored Ape (BAYC) NFTs after they were reported as being stolen. The NFTs on the marketplace now have a warning saying that it is “reported for suspicious activity.” Buying and selling of such items are... See more

Katie: Not everything in crypto is decentralized in terms of business models. For example, Coinbase is a centralized exchange. Like Coinbase, OpenSea is centralized. The difference between the tech giants and OpenSea is that OpenSea takes a modest take rate on every sale. The powerful difference is that the vast majority of the money that is being... See more

OpenSea, the world’s largest NFT marketplace, is eerily similar to any other exchange platform: In return for making transactions easier and (modestly) safer, the company takes a 2.5% cut of every transaction. The largest crypto company, Coinbase, operates the same way — it has industry-high fees (based on an opaque fee structure) and a CEO who’s... See more