OpenSea Spends $160K on its ENS

About three weeks after laying off 20 percent of its workforce, OpenSea has purchased its eponymous ENS address for more than $165,000.

The verified OS-Wallet purchased opensea.eth Tuesday from NFTWhales, a holder of a few dozen ENS names, for 99.8931 ETH. The move comes after CEO Devin Finzer shared an announcement on Twitter about the layoffs and the need to prepare the company for a "prolonged downturn."

This is the only move the OS-Wallet has made, though it has been sent several NFTs including a Lost Poet Page from Murat Pak.

Author Bio

TD Marquis

A veteran journalist and editor with more than a decade's worth of experience, TD helped a small community newspaper in Vermont win a New England Newspaper Association Right to Know Award in 2014. TD helped compile five years' worth of invoices to uncover a long-established practice of small-town government officials paying themselves six figures to do small jobs around town. TD discovered NFTs with Top Shot in 2021 and his first NFTs on ETH were saving two Mooncats. He is now the proud owner of Rowhome #61 and 1,300 other NFTs of questionable value. He also sent 4 ETH to a fake Mekaverse site and wants Lucky Trader readers to avoid the same fate.

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