Investment firm Coatue Slashes OpenSea valuation by 90%
Investment giant Coatue Management has drastically reduced its valuation of NFT marketplace OpenSea, signaling a pessimistic outlook for the once-booming sector. Coatue Management, a prominent United States tech investor, has devalued its stake in the nonfungible token (NFT) platform OpenSea by a staggering 90%. This adjustment took place on November 7, plummeting the investment value […]