Anthony Shnayderman and Itai Bronshtein filed a class-action lawsuit against the NFT platform OpenSea, alleging that it has engaged in trading unregistered securities. The plaintiffs, who purchased several non-fungible tokens, including those from the Bored Ape Yacht Club collection, claim these assets have lost their value due to their illegal status.
Devin Finzer, CEO and co-founder of OpenSea, revealed on the social media platform X that the U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to the NFT marketplace, signaling that the SEC may pursue legal action against OpenSea.
ApeCoin DAO members are voting on a proposal to establish a themed hotel in central Bangkok, Thailand. The hotel would feature rooms inspired by APE tokens, the BAYC NFT collection, Otherside, Apechain, Mocaverse, and more.
Is digital art in decline? NFT sales in September 2024 plummeted by 48% compared to the previous month. Is this a temporary setback or a sign of a new reality?
