OpenSea acquires Rally Wallet to expand mobile and token trading capabilities
2025-07-09 06:19:20
Main Idea
OpenSea has acquired Rally Wallet to expand into mobile and token-based trading, aligning with its vision to become a comprehensive web3 platform.
Key Points
1. OpenSea acquired Rally Wallet, a mobile-native crypto wallet startup, to enhance its mobile and token-based trading capabilities.
2. Rally co-founder Chris Maddern will become OpenSea’s chief technology officer, and the Rally team will help develop OpenSea’s mobile experience.
3. The acquisition supports OpenSea’s goal to move beyond NFTs and include fungible tokens, yield opportunities, and mobile-first use cases.
4. Rally, launched in 2021, is known for its community-first philosophy and user-friendly interface, which will help OpenSea cater to general users.
5. OpenSea recently launched OS2, an upgraded platform supporting trading across 19 blockchains, including NFTs and tokens, and is conducting a SEA token airdrop.
Description
OpenSea has acquired Rally Wallet, a mobile-native crypto wallet startup, in a move aimed at expanding its reach into mobile and token-based trading. The acquisition was announced on July 8 by Rally co-founder and chief executive officer Chris Maddern, who will now serve as OpenSea’s chief technology officer. Rally co-founder Christine Hall also joins OpenSea’s leadership team. The Rally team will help develop a reimagined OpenSea Mobile experience, which the company says will become the central...
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