The head of product for open sea, Nate chastan a, was caught front running nfts. The company did not fire the employee on the spot or name him; instead it said they were conducting an immediate and thorough review into the incident. Open sea is built on a theorium and utilize a smart contract, so all transactions recorded and searchable. He purchased yper punk number three, five o one for forty thousand dollars in etherium seven months ago.
First, Jason breaks down NFT platform OpenSea admitting one of their employees was front-running featured items (2:02). Could this tip off the SEC that NFTs might be securities rather than collectibles (12:01)? Then, Jason talks to Producer Rachel about TWiST Meetups (18:24). Finally, Goldbelly CEO Joe Ariel joins to talk about his high-end food marketplace, being the first mover in a blossoming category, the food e-commerce market & more. (30:15)