NFT marketplace OpenSea confirmed its acquisition of Dharma Labs on Tuesday, a deal that could help the $13 billion crypto firm expand its technological prowess.

The announcement comes just weeks after Axios’s Kia Kokalitcheva reported OpenSea was in talks to buy Dharma, a startup in the decentralized finance space. The terms of the deal were not disclosed, although a source close to the firm confirmed that the value of Dharma fell into Axios’s estimated range of $110 million and $130 million.

“Our teams share a vision that NFTs will be the cultural focal point of crypto’s adoption for years to come — and that vision can only be realized if using NFTs becomes easy & delightful for the average person,” OpenSea co-founder Devin Finzer said in a blog post shared with The Block.

As part of the deal, Dharma’s co-founder Nadav Hollander, a former software engineer at Coinbase and Google, was appointed chief technology officer.

The UK government on Tuesday became the latest authority to tighten its rules around crypto advertising, in a move that will see the regulation of adverts brought into line with other financial promotions.

Today people have to use crypto for buying NFTs on platforms like OpenSea. Coinbase and Mastercard are working on letting users buy NFTs via Mastercard cards on Coinbase’s upcoming NFT platform.

OlympusDAO is a DeFi protocol with a treasury that backs the OHM currency with the aim of maintaining a certain price floor. The DAO issues OHM tokens at a discount to investors in exchange for their cryptocurrencies, a process designed to grow its treasury over time.

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The Fantom ecosystem has 12 protocols with over $200M in total value locked (TVL), all of which are incentivized to maintain or grow their TVL in order to qualify for the highest bracket of rewards distributed by the foundation, according to The Block Research.

2021 was undoubtedly the year of crypto, where the space has grown several trillion dollars industry. Introducing The Block’s Research 2022 Digital Asset Outlook webinar, we will be wrapping 2021 and discuss how 2022 gonna be for the crypto space, including the general market, multi-chain and NFT/gaming.

Join our conversation with our analyst Erina Azmi and four panelists from various backgrounds, Rich Rosenblum (Co-founder of GSR), Luuk Strijers (CMO of Deribit), 0xngmi (Defillama), and Andy (Co-founder of Fractional Art).

WhaleFin, the flagship digital asset platform of Amber Group, announced a partnership with a leading non-profit organization, Whale and Dolphin Conservation.