#opensea , the non-fungible token ( #nft ) marketplace, is considering acquisitions amid challenges following the collapse of #nfts . The company, once valued at $13.3 billion, has seen a 96% drop in monthly trading volume since January 2022. Rival #Blur has surpassed OpenSea in daily trading volume, although OpenSea still has more users. OpenSea's CEO, Devin Finzer, is open to deals, including being acquired, but denies actively seeking suitors. Despite layoffs and market challenges, OpenSea remains focused on building a brand that prioritizes user safety by delisting fraudulent collections. The company has previously made acquisitions, emphasizing a focus on acquiring talent. OpenSea's CEO notes a positive trend with users redeeming NFTs for physical goods and brands exploring the metaverse.
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