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NFT Marketplace OpenSea Acquires Crypto Wallet Provider Dharma Labs

  • Dharma co-founder Hollander named chief technology officer
  • Dharma’s wallet app will cease operation in one month


Photographer: Rafael Henrique/SOPA Images/LightRocket/Getty Images

OpenSea, the largest NFT marketplace, has acquired cryptocurrency wallet provider Dharma Labs for an undisclosed amount.

Dharma is an Ethereum-based wallet that allows users to transfer funds between bank accounts and decentralized exchanges. The app will close in one month, according to its website. An OpenSea spokesperson declined to comment on the terms of the transaction.