OpenSea AnnoucedTuesday’s acquisition of Dharma Labs (a crypto lending platform and digital wallet) for an undisclosed price was completed. According to the statement, Dharma Labs would effectively shut down and its co-founders, Nadav Hollander and Brendan Forster, will become OpenSea’s new chief technology officer and its head of strategy, respectively.

OpenSea stated that this acquisition would help it achieve its mission of scaling product development, growing its team, increasing safety and reliability, and investing in the Web3 ecosystem and nonfungible token (NFT).