How to
This guide delves into the significance of the OpenSea decentralized marketplace, its pros and cons, and its role in the NFT revolution.
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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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The attorneys representing Nathaniel Chastain informed the court that Chastain will self-surrender on Nov. 2 to begin serving his sentence.
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Trump NFT prices spiked after the former U.S. president’s mugshot in police custody was released.
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NFT aggregator Rarible said that by October, it would cut off aggregate orders from competitors that don’t enforce royalties, such as OpenSea.
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Bitcoin Ordinals NFT volume plunges 98%, and Yuga Labs is terminating its partnership with OpenSea over creator royalties.
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Nathaniel Chastain will reportedly have until Nov. 2 to surrender himself following his conviction for wire fraud and money laundering related to insider trading on OpenSea.
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Yuga Labs said it would start winding back OpenSea support for “all upgradable contracts and any new collections” following the announcement from the NFT marketplace.
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OpenSea’s royalty enforcement tool Operator Filter is going to be turned off, according to the NFT marketplace’s founder and CEO, Devin Finzer.
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An NFT trader who noticed a bot was copying his trades tricked the bot out of 800 ETH, worth around $1.5 million.
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A trader walked off nearly $1.5 million richer after tricking a bot copying his trades to buy a slew of NFTs at a markup.
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Despite the downturn in the NFT industry, Reddit continues to attract new holders of digital collectibles issued on the blockchain.
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NFT marketplace OpenSea has delisted a collection of NFTs that represented staked Ether without any warnings.
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NFT royalties are an important gauge of incoming revenues to fund the ongoing development of various projects in the ecosystem.
16526 - Explained
NFT royalties refer to the percentage of sales or transactions of a nonfungible token (NFT) that are paid to the original creator or owner of the NFT.
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The court case might have a decisive influence on the legal classification of NFTs.
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