OpenSea co-founder and CEO Devin Finzer said the SEC dropping its investigation into the NFT marketplace is a huge win for the space.
OpenSea News
OpenSea is a decentralized marketplace for cryptocurrency collectibles, particularly nonfungible tokens (NFTs). The platform enables anyone to buy, sell or trade digital assets and transfer them to a personal cryptocurrency wallet. OpenSea also allows users to create their own marketplaces for specific types of assets. For example, there are marketplaces for digital art, music, photography and sports, among many others.
OpenSea runs on the Ethereum blockchain and uses smart contracts to facilitate transactions. This ensures all transactions on the platform are transparent and secure. It is also one of the few marketplaces to allow users to buy, sell or trade NFTs from various blockchain platforms, namely Klaytn, Ethereum, Solana and Polygon.
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- News
OpenSea founder Devin Finzer announced that the SEC is closing its investigation into the NFT platform, calling it “a win for everyone” in the industry.
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OpenSea teased its upcoming token launch and airdrop, clarifying that SEA will be available to users based in the United States.
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OpenSea has paused XP rewards for listing and bidding on collections in its new platform following feedback from the community.
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The token launch is part of a broader revamp of the protocol, which its CEO says became too “corporate.”
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Artificial general intelligence firm Sentient held an NFT mint with over 650,000 participants.
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OpenSea CEO Devin Finzer said the community found a “test website” and that the information it contained was not actual terms and conditions.
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NFT marketplace Getgems continues to bet on NFTs, hoping that Telegram will spur adoption for the asset class in 2025.
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Community members who accessed the “OS2” private beta expressed frustration over the NFT marketplace’s airdrop dynamics.
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Millions of OpenSea user emails are now fully in the wild after the marketplace’s automation vendor leaked the emails in mid-2022.
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Eden Gallery argued that a group of NFT owners “may have buyers’ remorse, but their losses, if any, are due to market forces.”
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OpenSea told Cointelegraph that the foundation in the Cayman Islands was a registered entity.
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The non-fungible token (NFT) project’s new token has had a lackluster debut in the early hours of trading.
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NFT community members hope the platform will reward its early users with a token airdrop.
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NFT whales on the BNB Chain ecosystem drove an increase in trading volume in the third quarter of 2024.
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