OpenSea Acquires Rally as It Continues to Pivot to Token Trading
2025-07-08 16:07:55
Main Idea
OpenSea has acquired Rally, integrating its wallet technology and mobile-first design to enhance its token trading platform, with Rally's CEO becoming OpenSea's CTO.
Key Points
1. OpenSea acquired Rally, the company behind Rally wallet, to further its pivot into token trading.
2. Terms of the acquisition were not disclosed.
3. Rally's CEO Chris Maddern will become OpenSea's CTO, replacing Nadav Hollander.
4. OpenSea plans to integrate Rally’s wallet technology and mobile-first design into its platform.
5. Rally co-founder Christine Hall will also join OpenSea as part of the acquisition.
Description
Non-fungible token (NFT) trading platform OpenSea has acquired Rally , the company behind Rally wallet, as it continues its pivot into token trading. Terms of the acquisition remain undisclosed. According to a press release shared with CoinDesk, OpenSea's chief technology officer Nadav Hollander will be handing over the role to Chris Maddern, Rally's CEO. Rally co-founder Christine Hall will also join OpenSea as the company's chief of staff. OpenSea will use the acquisition to strengthen its tra...
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