But we were also cautious, noting that Coinbase’s revenue multiple was more conservative than OpenSea’s, which gave us pause due to the well-known crypto exchange’s history of growth and profitability. We summed it up as follows: It appears that the new OpenSea valuation is cheap compared to recent fundamentals, but a little expensive when we …
OpenSea’s $13B valuation doesn’t make sense as NFT trading volumes plunge Read More »
The post OpenSea’s $13B valuation doesn’t make sense as NFT trading volumes plunge first appeared on PRP Breaking News and Top Stories.
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