Devin Finzer, CEO of NFT marketplace OpenSean, has said that the collapse of FTX last month was a “tragic event” for the industry, but also opened up the possibility of reshaping it with a focus on trust and further decentralization. According to him:
“We are all feeling collateral damage across the industry. There is no doubt that this is a setback for the crypto industry.”
He claims the NFT platform has not interacted with FTX or related trading company Alameda Research.
According to Crypto Fund Research, the bankruptcy of the exchange has actually affected 25-40% of all industry structures.
According to court documents, FTX and its related companies owed $3.1 billion to the top 50 creditors.
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