For their part, OpenSea has been at the forefront of the fight against SEC regulation. The corporation recently claimed that its own non-fungible token (NFT) marketplace doesn’t meet the definitions of an exchange or broker according to existing securities regulations. The company maintains that the regulatory framework designed for traditional...
OpenSea continues to be the giant in the NFT marketplace space. At the moment, it’s opposing efforts by the U.S. Securities and Exchange Commission (SEC). The main point of contention? In its application, OpenSea does not think it should be considered an exchange or broker under current federal securities laws....
The SEC is at it again. This time it’s the NFT space that’s in the crosshairs, and if the regulators prevail the fallout will be disastrous for innovation. Even OpenSea, the biggest NFT marketplace in the world, seems to be crying “please, SEC, give us something to work with.” And...
Let's be blunt. OpenSea’s new found concern for “regulatory clarity” stinks more than a seven-day-old tuna fish special. They want the SEC to back off. But they argue that they are doing it for the betterment of all art NFT creators. But is it really? If so, it’s a rather...
Token ATH! are going behind-the-scenes as we explore this and much more, including the NFT ecosystem, a hotbed for regulatory debate. Above: OpenSea remains as the largest NFT market. It vigorously protests regulating it as a securities exchange by the Securities and Exchange Commission (SEC). This article further explores OpenSea’s...
Is the SEC really on the verge of choking digital art and innovation’s golden goose? OpenSea’s recent request to Commissioner Hester Peirce, essentially begging not to be strangled by securities regulations, should be a wake-up call. Addressing this issue goes beyond just one company. It affects the future of the...
In particular, OpenSea does not want to admit liability under the SEC’s test. They're cozying up to Commissioner Hester Peirce, asking to be excluded from securities regulations, claiming they're not really an exchange. Don't buy it. In other words, it’s not purely about innovation. It’s about carving out regulatory space...
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...
NFTs (Non-Fungible Tokens) are revolutionizing the concept of digital ownership in video games. These rare digital collectibles are transforming the ways that players deal, trade, and value items in games. Blockchain innovation provides gamers the means to absolutely have their electronic belongings. They can buy, sell or trade these digital...
I’ve been around enough of ’em to beamed across our history. From the dot-com bubble to the housing crisis, I’ve learned one thing: hype rarely equals reality. And frankly, the NFT gaming space is currently filled with more hype than a 90s boy band reunion tour.The kids are all hyped...
Let’s break this down a bit — the promise of “Play-to-Earn” (P2E) NFT games sounds utopian, right? Now picture being able to make it your career, playing and getting paid. But underneath the shiny veneer of digital ownership and blockchain innovation lies a deeply troubling reality: the exploitation of a...
NFTs, or Non-Fungible Tokens, are revolutionizing the concept of digital ownership, impacting various industries, and the gaming world is no exception. These unique digital assets, underpinned by blockchain technology, are transforming how players interact with games, own in-game items, and even earn a living. NFTs have provided exciting opportunities to...
The collapse of FTX last September sent shockwaves through the crypto world, and the fallout is still ongoing. Currently, FTX is pursuing lawsuits to reclaim these assets, including lawsuits against NFT Stars and Delysium. Token ATH! Token ATH! is your guide to understanding all of this — what’s going on,...
The recent lawsuits filed by FTX, targeting NFT Stars and Delysium over undelivered tokens, are more than just legal wranglings. They’re flashing neon signs pointing to the systemic instability just below the shiny surface of the crypto market. We’re talking about serious cash—all of it yours. It might fade into...
FTX has a legal action launched against NFT Stars and Delysium (Kurosemi). They are expecting them to get digital tokens that they’ve already purchased back. Those suits were filed in a Delaware bankruptcy court. Each plaintiff claims that these firms failed to provide the promised number of tokens, from crypto...
On the road to decentralization, Grindery is creating a buzz in the AI and Web3 community with its novel Aventino wallet infrastructure. We created this platform to provide AI agents the fiscal independence required to allow them to function independently and effectively. By taking the complexity out of payments and...