Opensea CEO Reacts as LinkedIn’s Reed Hoffman Acquires CryptoPunk NFT
The post Opensea CEO Reacts as LinkedIn’s Reed Hoffman Acquires CryptoPunk NFT appeared on BitcoinEthereumNews.com.
Key Notes LinkedIn co-founder Reed Hoffman joins the CryptoPunk community after revealing his NFT purchase. Opensea CEO Devin Finzer welcomes Hoffman’s move amid NFT market revival efforts. NFT market cap climbs 3.3% to $4.8 billion as sector sentiment improves. Co-founder and former executive chairman of LinkedIn, Reed Hoffman, has confirmed the purchase of a new CryptoPunk NFT, proudly displaying the image on his X profile. On Friday, Hoffman revealed that he made the acquisition months ago, joining one of crypto’s oldest and most iconic communities after years of investing in blockchain innovation. Reed Hoffman Confirms CryptoPunk NFT Purchase and Joins Blockchain Culture Worth $2.5 billion according to Bloomberg’s 2025 estimates, the longtime tech investor and entrepreneur, Hoffman has often backed crypto projects and blockchain startups, including Xapo, a bitcoin-focused bank. CryptoPunks, developed by Larva Labs in 2017, are the first-ever NFT collection consisting of 10,000 unique pixel art avatars. The collection has a collective market capitalization of $1.5 billion at press time, accounting for 32% of the NFT sector dominance. Opensea CEO Reacts as NFT Sector Begins Comeback Mission Hoffman’s announcement rapidly gained traction, drawing nearly one million views on X within 24 hours. Among those reacting was Opensea CEO Devin Finzer, who publicly welcomed Hoffman into the NFT ecosystem. Finzer’s response reflects growing optimism across the digital collectibles market, which continues to recover from its sharp decline following the 2021 boom. welcome aboard 🌊 https://t.co/U7PDgSNPg2 — dfinzer.eth | opensea (@dfinzer) October 24, 2025 In early October, Opensea announced plans for its native SEA token, set for launch in Q1 2026. The marketplace has allocated 50% of the token supply to community-based campaigns, signaling intent to drive mass engagement. Top NFT Collection Prices Ranked by Market Cap, October 25 | Source: Coingecko According to Coingecko data, top NFT collections recorded…
Filed under: News - @ October 25, 2025 6:28 pm