RALLY IS JOINING OPENSEA

Summary from the TLDR Crypto newsletter

OpenSea has acquired Rally to build an "onchain everything app," with Rally's founders joining the leadership team and the author becoming CTO to spearhead a mobile-first strategy launching in 2025. The combined entity aims to create a platform where tokens and NFTs complement rather than compete, targeting the 500+ million crypto holders currently limited to holding on centralized exchanges by making DeFi, perps, and cross-chain interactions as simple as traditional banking. This acquisition represents a strategic shift for OpenSea from competing for NFT market share to growing the entire onchain audience, with Rally's mobile expertise powering a unified experience that treats memecoins as cultural movements alongside NFTs.