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Tag Archives: OpenSea

SEC’s Next Crypto Target: Regulator Goes After NFT Platform OpenSea

The US Securities and Exchange Commission has made it its mission to target various cryptocurrency platforms, albeit with questionable success so far. Next on the list is the NFT platform OpenSea, whose CEO went on to X to express the team’s disappointment in the regulator’s move. Devin Finzer, OpenSea’s chief exec, tweeted that the company he runs is the latest to receive a Wells Notice from the SEC, which indicated that non-fungible tokens available to buy or sell on the...

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OKX Surges Ahead of OpenSea and Blur in NFT Race Thanks to Bitcoin Ordinals

OKX strategically positioned itself to ride the Ordinals wave, seizing the NFT crown amid exploding interest in Bitcoin-based creative assets. Cryptocurrency trading platform OKX has raced ahead of rivals to become the top marketplace for non-fungible tokens (NFT), recording over $50 million in daily NFT trading volume compared to $13 million on Blur and $3 million on OpenSea. This surge centers around Ordinals – unique NFTs built on the Bitcoin blockchain that have recently taken the...

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Blur Commands 80% of NFT’s Market Share as OpenSea Retreats: Data

In a year marked by a massive recovery run in the broader crypto market, the non-fungible tokens (NFTs) sector has displayed a contrasting performance. While industry leaders like OpenSea have historically dominated the NFT space, relatively newer players, such as the Blur NFT marketplace, have emerged as formidable contenders. As of December 3, the Ethereum NFT market experienced a notable uptick in transaction volume, reaching an impressive $34.786 million. This surge...

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Coatue Slashes OpenSea’s NFT Marketplace Valuation by 90%: Report

American tech-focused investment manager Coatue Management has reportedly marked down its stake in OpenSea, one of the leading NFT platforms. According to documents reviewed by The Information, Coatue reduced its previously valued $120 million stake in OpenSea to just $13 million during the second quarter of 2023. Coatue Slashes OpenSea Stake by 90% Based on documents examined by The Information, Coatue decreased its stake in the NFT platform from an estimated $120 million to...

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NFTs im Aufwind?

Die Verkaufszahlen ausgewählter Non-Fungible Token (NFTs) stiegen, wie man am Beispiel der NFTs auf Basis von Polygon und Solana sehen kann: Diese verkauften sich im Laufe der letzten Woche um 20 bzw. 33 Prozent besser als alle Ethereum-NFTs, deren Verkaufszahlen im gleichen Zeitraum um fast 17 Prozent sanken, aber immer noch fast doppelt so hoch sind als die von Polygon- und Solana-basierten NFTs zusammen. Schon im Juli führte Solana die sogenannten Compressed NFTs ein, eine kostengünstige...

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Former OpenSea Manager Goes to Prison for 3 Months for Insider Trading

Nathaniel Chastain – former head of product at the NFT marketplace OpenSea – will spend three months in jail after being found guilty of insider trading. Prosecutors maintained that he bought numerous non-fungible tokens before they were featured on the platform’s home page and later sold them at much higher prices.  Chastain maintained he was not guilty of the accusations that he conducted wire fraud since the NFTs were not securities or commodities. US District Judge Jesse...

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