Tag: opensea

The NFT space promised a revolution. An avenue for artists to engage directly with collectors, a new digital ownership frontier. Yet behind the fortune cookie predictions and the Magic 8 Ball prophecies lies a much darker reality — where hopes can be crushed by the click of a mouse. OpenSea’s...

Just last month, OpenSea considered asking federal regulators for an exemption from federal securities regulations. On the surface, this might look like a self-interested call from the major NFT player to maintain its dominant position. Perhaps it is, in part. Look closer. This isn't just about OpenSea protecting its bottom...

The world of Non-Fungible Tokens (NFTs) is changing fast. As it continues to increase in popularity, state and federal regulatory authorities such as the Securities and Exchange Commission (SEC) are becoming more watchful. Even OpenSea, the largest NFT marketplace and trusted flagship of the NFT economy, raised eyebrows last week...

The SEC is circling OpenSea. Again. Last year’s Wells notice sent a chill up the spine of every NFT creator, collector, and marketplace. In July 2016, when Trump took over the Republican primary, the SEC retreated. Now, the threat looms again. OpenSea is well within its rights to push back,...

OpenSea is fighting the notion that it would be subject to regulation as a broker under the Exchange Act. The company maintains that its non-fungible-token (NFT) marketplace does not need to be regulated like a traditional securities exchange. The company has gone to great lengths to make sure users know...

Now, OpenSea, the leading centralized NFT marketplace, is making a surprising move. It’s all part of their efforts to better define their regulatory status with the U.S. Securities and Exchange Commission (SEC). The company has been vocally pushing the SEC to publicly recognize that NFT marketplaces, such as their own,...

The world of NFTs promised a revolution. An opportunity for artists to finally cut out the gatekeepers, go straight to collectors and make a living from their work. So the question is, are we delivering on that promise? Or is it just another golden cage that helps the already privileged...

Recently, OpenSea, the largest NFT marketplace, made an unprecedented move. Specifically, they petitioned the U.S. Securities and Exchange Commission (SEC) to exempt NFT platforms from federal securities regulations. OpenSea’s legal counsel, Adele Faure and Laura Brookover, called out SEC Commissioner Hester Peirce as well as the SEC Crypto Task Force....

In the meantime, OpenSea, the largest NFT marketplace, has made a daring move. In so doing, they formally asked the Securities and Exchange Commission (SEC) to provide explicit guidance on the regulatory status of NFT platforms. Lately, OpenSea itself weighed in, in a letter to the SEC, urging them to...