Remember the OpenSea exec who was accused of ‘Insider Trading?’ He’s launching an NFT platform
2022.04.02 23:16
Remember the OpenSea exec who was accused of ‘Insider Trading?’ He’s launching an NFT platform
In September, leading NFT marketplace OpenSea came under intense fire after an employee was caught in an insider trading scandal. The company’s Head of Product Nate Chastain was called out by the NFT community for exploiting insider knowledge, eventually leading to his resignation a few days later.
Nate is back again, this time with a new NFT platform. According to two pitch decks reportedly seen by crypto news site CoinDesk, Nate is working on a new NFT platform called Oval. The website and mobile app product is meant to make it easier for collectors to find NFTs they like.
CoinDesk also claims that Oval is looking to raise a $3 million seed round at a $30 million pre-money valuation. Although Nate is yet to either deny or confirm the reports, there are already concerns about whether the reputation of the former OpenSea exec would be bad for business.
Why is it that some people are lambasted for minor mistakes and some like @natechastain are given a free rein and adored by some people even after proven guilty for Insider Trading? We need to have same standards set for everyone. A mistake is a mistake no matter who did it.
— Davinci
