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"OpenSea has received a Wells notice from the SEC threatening to sue us because they believe NFTs on our platform are securities," said OpenSea Co-founder and CEO Devin Finzer. A Wells notice is a ...
Later that month, OpenSea reimbursed users about $1.8 million after a user interface bug allowed users to buy more than $1 million worth of NFTs at a discount. [17] [18] On January 27, 2022, OpenSea announced it would limit how many NFTs a user could create using the free minting tool. [19] The following day, OpenSea reversed the decision. [20]
A non-fungible token (NFT) is a unique digital identifier that is recorded on a blockchain and is used to certify ownership and authenticity. It cannot be copied, substituted, or subdivided. [ 1 ] The ownership of an NFT is recorded in the blockchain and can be transferred by the owner, allowing NFTs to be sold and traded.
1990 (age 33–34) Education. Brown University. Known for. Co-founder and CEO of OpenSea. Devin Finzer (born 1990) is an American entrepreneur and technology executive. He is the co-founder and chief executive officer of OpenSea, a marketplace for non-fungible tokens. [1] In January 2022, Forbes estimated the stakes in OpenSea owned by Finzer ...
Chainalysis data comes as Open Sea, the largest marketplace for buying and selling NFTs, had its best month yet in January with $4.9 billion in transaction volume, raising at least a few questions ...
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In late 2021, the popularity of Bored Apes spurred copycat NFT projects. PHAYC and Phunky Ape Yacht Club were two such projects centered around the same idea of selling NFTs of mirrored but otherwise identical images of Bored Ape NFTs. [45] The OpenSea NFT marketplace banned both projects in December 2021. [45]
LONDON (Reuters) -From cartoon apes to video clips, sales of NFTs reached some $25 billion in 2021 as the speculative crypto asset exploded in popularity, data from market tracker DappRadar shows ...