Instead of “evolving” into a global platform to trade any sort of onchain asset, OpenSea CEO Devin Finzer has denied rumors that the firm is shifting its focus away from non-fungible tokens (NFTs). This marks the beginning of OpenSea’s transition to “trade everything,” according to Finzer’s Friday post on X,
Non-fungible tokens are one of the admirable applications of blockchain technology. Ethereum has brought a viable network to launch and trade NFT collections, which led to the boom of NFTs in 2021 and 2022. However, their trading activity and the hype around NFTs diminished largely in the last couple of
Donald Trump’s re-election in the US has brought a significant shift to the crypto industry in the country. The long-awaited crypto regulation is on the table in the country. Lawmakers have already introduced several bills on crypto strategic reserve creation and stablecoin regulation. But there is no intimation regarding NFTs
The U.S. Securities and Exchange Commission (SEC) has officially ended its investigation into OpenSea without filing charges. OpenSea’s CEO, Devin Finzer, described this move as a victory for the NFT industry. The SEC is closing its investigation into @opensea. This is a win for everyone who is creating and building
OpenSea has regained dominance in the Ethereum NFT marketplace, capturing 71.5% of the market share this past week. Four weeks ago, it held only 25.5%, with Blur leading the space. The surge aligns with OpenSea’s announcement of its long-awaited native token, $SEA, on Feb. 13. Since the announcement, OpenSea’s daily
In June 2022, OpenSea, a popular NFT marketplace, had a serious data breach. An employee at Customer.io, the company that handles OpenSea’s emails, leaked over seven million email addresses of OpenSea users to an outside party. At first, OpenSea warned users about the leak, but the full list of affected
The Executive R0AR Society NFT collection is gearing up for launch on the Opensea Launchpad. The R0AR decentralized finance platform has a range of features and use cases, including an Ethereum DEX, yield farming, and a DAO. Holders of the ERS collection will be able to access exclusive features and
A group of OpenSea users has filed a class-action lawsuit in Miami. The lawsuit claims that the popular NFT marketplace sold unregistered securities. This legal action raises significant concerns about the regulatory landscape for NFTs. According to the lawsuit, OpenSea is accused of facilitating transactions that qualify as securities sales.
Pudgy Penguins is a prominent Web3 brand featuring a collection of 8,888 non-fungible tokens (NFTs) launched on the Ethereum blockchain. The CEO of Pudgy Penguins recently described the SEC’s crackdown on NFTs as “nonsense,” asserting that he remains unworried by the regulatory actions taken by the U.S. Securities and Exchange
The U.S. Securities and Exchange Commission (SEC) has intensified its regulations in the cryptocurrency sector by issuing a Wells notice to OpenSea, a leading NFT marketplace. This indicates that the SEC is considering legal action against the platform, alleging that the NFTs traded on OpenSea might be under unregistered securities.
