OpenSea Spends $160K on its ENS

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.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice.
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