Dharma, an early entrant to DeFi, set out to create a more seamless user interface for lending and swapping tokens. While Dharma's app will be sunset, scooping up the company's UX know-how could expedite OpenSea's own efforts to simplify and expand the way in which users can purchase digital collectibles and art. As part of the deal, Dharma's co-founder Nadav Hollander, a former software engineer at Coinbase and Google, was appointed chief technology officer.
| less than a minute read
OpenSea confirms acquisition of Dharma, sets sights on fiat onramps
"Our teams share a vision that NFTs will be the cultural focal point of crypto's adoption for years to come — and that vision can only be realized if using NFTs becomes easy & delightful for the average person," OpenSea co-founder Devin Finzer said in a blog post shared with The Block.
