Press Release January 21, 2022

Dharma Labs Acquisition by OpenSea

The Technology and Digital Currency & Blockchain teams are advising Dharma Labs on its acquisition by OpenSea.

Dharma Labs is a cryptocurrency wallet startup allowing users to borrow and lend cryptocurrencies and invest in the growing world of DeFi, Web3, and NFTs — anywhere in the world, instantly and securely. The Dharma wallet is a system of smart contracts that lives on the Ethereum blockchain and integrates with popular DeFi (decentralized finance) protocols that are available to any Internet-connected party around the world.

OpenSea is a peer-to-peer marketplace for cryptogoods, which include collectibles, gaming items, and other virtual goods backed by a blockchain. On OpenSea, anyone can buy or sell these items through a smart contract.

As part of the transaction, Dharma Labs co-founder and chief executive officer, Nadav Hollander, will become OpenSea’s new chief technology officer.

The Goodwin team was led by Andrew Sparks, David Brekke, and Carolyn Nguyen, and included Zoya Holladay, Margaret Beale-Wirsing, and Ashley Nguyen (Corporate); Ora Grinberg and Misha Goodwin (Tax); Cisco Palao-Ricketts (ERISA & Executive Compensation); Joel Lehrer (Intellectual Property); Jacob Osborn and Jason Wilcox (Global Trade); Simone Waterbury and Michael Casaburi (Antitrust); Kevin Liu (Data, Privacy & Cybersecurity); and Nicholas Losurdo, Lauren Schwartz and John Servidio (Regulatory).

For more details, read the press release and articles in TechCrunch, Reuters, and Bloomberg.