Latham & Watkins Advises OpenSea on Its Acquisition of Dharma Labs

OpenSea, an nonfungible token (NFT) marketplace, has announced that it is acquiring Dharma Labs. The acquisition will help OpenSea further its goals of accelerating product development, growing its team, expanding its safety and reliability efforts, and investing in the Web3 ecosystem.

Latham & Watkins LLP represents OpenSea in the transaction with a team led by Bay Area partner Ben Potter, with Bay Area associate Chris Cruickshank and Washington, D.C. associate Patrick Loeffler. Advice was also provided on benefits and compensation matters by Bay Area partner Jay Metz; on technology transactions matters by Los Angeles/Century City partner Ghaith Mahmood, with Los Angeles associate Matthew Stern; on data privacy matters by Bay Area counsel Robert Blamires, with Bay Area associate Adriana Beach; on tax matters by Bay Area partner Katharine Moir; on payments matters by Washington, D.C. partner Todd Beauchamp; with Washington, D.C. associates Charles Weinstein and Loyal Horsley; on securities matters by New York partner Stephen Wink; on litigation related matters by Los Angeles counsel Nima Mohebbi; on intellectual property matters by Bay Area partner Greg Sobolski; and on regulatory matters by Bay Area partner Kelly Fayne and Washington, D.C. counsel Patrick English.

The firm also represented OpenSea in its Series C Financing.