In Brief OpenSea, a leading NFT marketplace, has registered a foundation in the Cayman Islands. The move is fueling speculation that the NFT marketplace could launcg a token soon. This comes as OpenSea faces declining trading volumes and increased competition. OpenSea, one of the largest NFT marketplaces, has reportedly established a foundation in the Cayman…
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In Brief The SEC issued a Wells notice to OpenSea, potentially classifying NFTs as securities. OpenSea CEO pledges $5 million to support NFT creators receiving similar notices. The SEC’s legal action against OpenSea raises concerns about broader NFT regulation. On August 28, Devin Finzer, the co-founder and CEO of OpenSea, revealed that the US Securities and…
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