Nasdaq-listed Opera proposes 160M CELO deal to replace cash payments
The Norweigan browser company plans to swap quarterly US dollar payments for tokens pending community approval, deepening ties to Celo as MiniPay adoption grows.
Opera, a Nasdaq-listed web browser company, is proposing to change how it is compensated by the Celo ecosystem, opting to receive native tokens instead of cash as it deepens its involvement with the network.
The company said Thursday it has proposed restructuring its commercial agreement, moving from US dollar-denominated quarterly payments to an allocation of 160 million CELO (CELO) tokens, subject to approval by Celo’s onchain governance community.
If approved, the shift would more directly align Opera’s financial incentives with the network’s performance and make it one of the largest institutional holders of CELO.
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