Chastain faces a maximum of 20 years in jail for each of the allegations. According to the DOJ, Chastain’s case was the first known instance. Attorneys for Nate Chastain, formerly of OpenSea and now terminated from the NFT marketplace on grounds of insider trading, have filed a request to have
The marketplace has published a more in-depth look into its copymint policy. The policy has defined what qualifies as a copymint and what does not. OpenSea has recently revealed via a blog post that it is dedicated to maintaining its position as a leader in bolstering the NFT ecosystem’s credibility
This improvement aims to make NFT trading easier for beginners. NFT marketplace OpenSea receives orders from 25,000 to 30,000 customers every day. The largest U.S. crypto exchange, Coinbase, has released an update to its multi-product wallet that makes trading non-fungible tokens (NFTs) easier for experts and novices alike. The Coinbase
Zoonies is an alien-themed NFT collection existing on Solana. Even after a day, this Solana NFT has not attained the “sold out” phase. OpenSea has brought out a new launchpad capability for creating new Solana NFT projects in an apparent effort to match Magic Eden’s feature set. The major NFT
The problem has been resolved since infringing ENS domain names were removed. OpenSea recently stated that it would lay off 20% of its personnel. Trademark objections from the Recording Industry Association of America (RIAA) have prompted NFT marketplace OpenSea to remove numerous tokens from its database. OpenSea has had a
Finzer is certain that the NFT industry will continue to improve. June saw a 73% drop in the amount of Ethereum NFT trading on the market. OpenSea, the leading NFT marketplace, has laid off almost 20% of its staff. According to CEO Devin Finzer, who announced the news through Twitter
The OpenSea Co-Founder Alex Atallah wrote a mirror piece announcing his departure from the firm on July 30. OpenSea’s Atallah says he’s happy with the progress and would want to start “building something from zero to one” again. OpenSea’s Board of Directors will retain Atallah’s position. Kevin Pawlak will continue
OpenSea issued a warning that hackers may attempt to email customers. In February, OpenSea suffered a massive hack of NFTs. A third party stole the collection of email addresses related to OpenSea customers via Customer.io, a platform for managing email newsletters and campaigns. Opensea is the world’s most prominent NFT
According to OpenSea, consumers using Seaport would save 35% on gas fees. The seaport is neither owned nor operated by OpenSea but instead built on top of it. Tuesday saw the announcement of OpenSea’s migration to Seaport, the most popular non-fungible token (NFT) marketplace by trading volume. A few of
Nate has been profiting from this exclusive knowledge. His understanding of NFTs allowed him to buy many of them for profit. Nathaniel Chastain, a former OpenSea executive who resigned in September 2021, has been charged with insider trading. Because of his alleged involvement in insider trading with non-fungible tokens, Nate
