#opensea
35 articles found
Latest
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. Irene Zhao: Model’s Career in Crypto and Public Controversies
Irene Zhao is a Singapore-based Instagram model and a crypto influencer. She got into crypto in early 2022 when her NFT collection, IreneDAO, had a successful launch with over $5.5 million trading volume, according to data from OpenSea. IreneDAO NFTs drew the attention of YouTuber Logan Paul, who bought around 20 pieces for around $270,000. 
Xterio, the gaming Web3 platform, has revealed its decision to create an independent ecosystem following OpenSea's refusal to charge author royalties on NFT resales.
This new initiative will support content creators through the launch of an NFT marketplace, exclusive tokens, a rewarding mechanism, and diverse affiliate programs.
Xterio's officials have said that the launch of this marketplace is imminent, expected within the following weeks. 
OpenSea Token: Release Date and How to Qualify for the Airdrop
The NFT marketplace OpenSea, a pioneer in the space for the past seven years, is expected to launch its native token in 2025. A significant portion of the tokens will likely be distributed through a retroactive airdrop—a common way to reward the community for their past activity and support. 
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. 
NFT marketplace OpenSea is actively working on its platform's new version, despite losing its top spot and witnessing a downturn in the NFT market. This update includes a total redesign of the website and improved functionality for interacting with diverse NFT types. 
Reports are surfacing that OpenSea, the NFT marketplace, has potentially suffered a data breach.
Due to a vendor's security lapse, OpenSea's API keys may have been compromised, and users have been alerted via email.
The best course of action? Replace those keys.
Yet, there's been a noticeable absence of official comments from OpenSea on platform X. 
OpenSea Head of Product Receives Prison SentenceNate Chastain has been sentenced to three months in prison for engaging in insider trades that amounted to $50,000.
Chastain, aged 33, was found guilty of fraud and money laundering in a federal court in New York in May. This case marked the conclusion of what prosecutors deemed the first significant NFT insider trading case.
Chastain profited by purchasing and selling at least 45 NFTs he was aware would be featured on OpenSea’s homepage.
U.S. Attorney stated, “Today’s sentence should serve as a warning to other corporate insiders that insider trading – in any marketplace – will not be tolerated.” 
Beginning on August 31, the popular NFT marketplace OpenSea will not charge royalties for NFT secondary transactions, signaling a change in artist earning policy. Previously, creators were able to set a commission of 2.5% to 10% and earn from every resale. However, with the new update, the creator fee is left up to the discretion of the buyer. For collections on non-Ethereum blockchains, the creator fee will only remain mandatory until February 29, 2024. After this date, the entire platform will make royalties optional. 
