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NFT nate chastain nftsweeks news picked a lot of heat when it has been admitted by NFT marketplace that one of his employees bought NFTs before they were featured on the platform. So, what was the issue? Let’s find out it in details below.
We researched a lot about NFT nate chastain nftsweeks on different platforms. And finally, we have come up with a bunch of results which you can visit too. So, if you want to know what really happened then visit the below given links for more accurate info.
NFT nate chastain nftsweeks – What happened?
Nate Chastain is a big fan of the NFT space, and he’s been involved in several projects over the past few years. He’s also a moderator on the /r/nfts subreddit, and he’s been running the NFTsweeks initiative since 2018.
Nate has been a long-time supporter of the NFT space, and he’s excited to see how it evolves in the coming years. He believes that NFTs have the potential to change the way we interact with digital assets, and he’s looking forward to seeing more innovation in this space.
Recently OpenSea admitted that one of its employees, Nate Chastain, had purchased NFTs he knew the company had planned to feature predominantly on its platform.
So when this happened or people speculated that this type of nonsense thing happened they started trolling the NFT marketplace on twitter and this was such a big disappointment for OpenSea and NFT marketplace.
Nate chastain, opensea Resignation
OpenSea described the incident as “incredibly disappointing” and stated that it is investigating the matter. The company stated that it wanted to make it clear that the behaviour was not in line with its values. “We take this seriously and are doing an immediate and thorough investigation to determine the facts and any additional steps that are necessary.
Upon investigation it has been identified that this has been done by former employee named Nate Chastain. Opensea had been asked to resign from his position at the startup and quoted – The behavior of one of our employees violated that obligation and we requested and accepted his resignation.
You can get more information about this scandal via the below given links. These sources are 100% authentic so you can visit for accurate information.
OpenSea Nate Chastain Nftsweeks (Updated 2022)
The goal to create OpenSea was to simply provide a platform/marketplace for artists to upload. Recently it has been specualted that the existing employee of opensea Nate purchsed NFTs!
NFT marketplace admits employee used insider information
In a blog post spotted by The Block , OpenSea admitted on Wednesday that one of its employees, Nate Chastain, had purchased NFTs he knew the company had planned to feature predominantly on its platform.
https://www.engadget.com/opensea-nate-chastain-nft-buying-incident-163044364.html
OpenSea Exec Who Quit After ‘Insider Trading’ Scandal
Two pitch decks seen by CoinDesk show that OpenSea’s former head of product, Nate Chastain, is building a platform to simplify the NFT discovery.
https://www.coindesk.com/business/2022/03/31/opensea-exec-who-quit-after-insider-trading-scandal-is-back-with-nft-platform/
NFT Marketplace OpenSea Confirms Product Head’s Involvement in Insider Trading Scam
US-based non-fungible token (NFT) marketplace OpenSea confirmed on Wednesday that it has uncovered evidence against its product head Nate Chastain in an insider trading scam.
https://gadgets360.com/cryptocurrency/news/non-fungible-tokens-nft-opensea-insider-trading-scam-twitter-nate-chastain-2543189
OpenSea product chief accused of flipping NFTs using insider information
OpenSea, the biggest NFT trading marketplace, said today that one of its employees used internal information to buy NFTs that were about to be featured on its homepage — and likely spike in value.
https://www.theverge.com/2021/9/15/22676075/opensea-insider-information-nft-trading-nate-chastain
So guys this is all about the NFT nate chastain nftsweeks trends!
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