A major NFT marketplace, OpenSea, is working on an update to its platform called OpenSea 2.0. In light of the fact that NFT categories are always evolving in response to new use cases, CEO Devin Finzer has said that this update is an effort to improve the user experience and
Tiger Global, an investment business, allegedly liquidated stakes in well-known NFT initiatives such as the Bored Ape Yacht Club (BAYC) collection and the prominent NFT marketplace OpenSea. The investment firm reportedly reduced its holdings in BAYC by 69% and OpenSea by 94%, according to anonymous sources cited by Bloomberg. The
Coatue Management, a technology investment business based in the U.S, has written down its investment in the OpenSea NFT marketplace by 90%. Documents seen by The Information on November 7 revealed that Coatue had decreased its investment from $120 million to $13 million, suggesting that OpenSea’s on-paper worth had plummeted
NFT marketplace OpenSea, has now released a new platform called OpenSea Studio, which is designed to be a one-stop-shop for artists to bring their ideas to life and maintain their operations. OpenSea’s new platform is designed to free up creatives from the administrative tedium that has traditionally hampered their progress.
The Founder’s Packs will be released on September 27th exclusively through NFT marketplace OpenSea, according to the community-powered Web3 entertainment franchise WAGMI Games. Gadget-Bot, the design firm responsible for the iconic looks in Transformers 4, Jurassic World, Apex Legends, and Call of Duty, collaborated with WAGMI Games to produce the Founder’s
OpenSea, one of the prominent NFT marketplaces, has reportedly alerted its users to a serious security violation. OpenSea API keys may have been compromised due to a security problem at one of the company’s suppliers, according to reports. Because of this occurrence, OpenSea has moved quickly to strengthen the safety
Bored Ape Yacht Club (BAYC) NFT collection developers Yuga Labs announced their intention to end their partnership with OpenSea. This is in reaction to the platform’s anticipated move toward a discretionary royalties structure. Royalties will no longer be required for new collections after August 31, 2023. This is under a
The vaulting platform Americana is becoming increasingly accessible to the general public. The business, which began as a local initiative but has since expanded, is now a one-stop shop that combines the benefits of an online marketplace with those of a safe deposit box and blockchain-based ownership verification. OpenSea and
Just when some doubters stated that NFTs were doomed, a new effort arose to counter that story. With its frog-themed digital art and creative approach to token economics, the $PEPE project is shaking up the NFT market. And now, the project has taken a giant stride forward for its community
On May 3 in a New York federal court, the former OpenSea manager who was suspected of insider trading of NFTs was found guilty of wire fraud and money laundering. Prosecutors claim that former OpenSea product manager Nathaniel Chastain was responsible for selecting the NFTs that would be offered for
