Tagged: opensea

NFTs: Securities Law and Fraud Concerns

  Non-fungible tokens, commonly called NFTs for short, have become an increasingly popular digital asset, especially in light of some eye-popping sale transactions involving Jack Dorsey’s first tweet, Bored Ape NFTs, NBA Top Shots Moments, and a number of other digital works of art. However,… Read More

OpenSea Slashes Headcount by 20%

OpenSea has cut its employee headcount by 20%, according to a tweet by founder and CEO Devin Finzer. Approximately 50 employees are being let go. In the tweet, Finzer blamed the action on the ongoing “crypto-winter.” OpenSea is one of the largest NFT, or non-fungible token,… Read More

NFTs: OpenSea Data Breach Highlights NFT Security Vulnerabilities, Report Reveals

Following the news that non-fungible token (NFT) marketplace OpenSea had suffered a data breach, Kaleb Ells, Analyst on the Thematic Team at GlobalData, a data and analytics company, noted: “This mass data breach highlights that OpenSea is not yet providing the security fundamentals that are… Read More

OpenSea Emails Pilfered, “Assume You Were Impacted”

OpenSea, the most popular NFT marketplace in the world, has experienced a breach of user information. According to a blog post yesterday, an employee of Customer.io, a service provider for OpenSea, downloaded OpenSea’s email list, apparently to use or sell for illegal objectives. OpenSea stated:… Read More

OpenSea Comments on Insider Trading of NFTs

This past week it was reported that the US Department of Justice had arrested and charged a former OpenSea employee with insider trading of NFTs or non-fungible tokens. The individual in question, Nathanial Chastain,  has been charged with wire fraud, and money laundering as he… Read More

NFT Insider Trading: Former OpenSea Manager Arrested by FBI as DOJ Claims First Ever Digital Asset Insider Trading Scheme

A former employee of OpenSea (Ozone Networks, Inc.) has been arrested and charged with the first-ever digital asset insider trading scheme, according to the US Department of Justice (DOJ). Nathanial Chastain a former Product Manager at OpenSea has been charged with wire fraud, and money… Read More

OpenSea Phishing Attack Causes Concern in Hot NFT Market [u]

OpenSea is in the midst of figuring out an attack on its platform that appears to be a phishing scheme according to tweets by the company and its CEO. At some point yesterday, OpenSea stated that a phishing scam had caused 32 users to sign… Read More

NFTs: Salesforce Is Reportedly Working on a Non Fungible Token Cloud Solution

Salesforce told its workers at a sales kickoff this Wednesday that the firm intends to launch an NFT (non-fungible token) Cloud. This, according to sources familiar with the matter (and cited by CNBC). As covered, NFTs are provably unique digital assets (and collectibles) that are… Read More

$16B Sales Record for NFTs Despite Crypto Bear Market, DappRadar Reports

Decentralized applications store DappRadar recently shared its January 2022 Dapp Industry Report, noting relative stability for the blockchain or distributed ledger tech (DLT) ecosystem even though we are currently in a bearish cryptocurrency market. NFTs emerged, once again, as a record-breaking segment, “marking $16 billion… Read More

Digital Collectibles: WildEarth to Offer Genesis Collections NFTs including Leopards, Lions, Hyenas

In order to help with protecting endangered animals, UK’s TV station, WildEarth, has introduced its own set of non-fungible tokens (NFTs). Notably, 40% of the main sale proceeds will be directed towards various custodians of the land on which the animals are currently living. Graham… Read More

US Department of Treasury Reports on Money Laundering in the Art Market, NFTs May Present New Risk

Yesterday, the US Department of Treasury issued a statement on illicit activity in the “high-value art market.” More specifically, activities that include money laundering and terrorist financing risks. The study found that while there is some evidence of money laundering risk in the high-value art… Read More

Sfermion Celebrates $100M NFT Fund, Counts Andreessen, Winklevoss Twins Among Investors Driving Metaverse Growth

NFT-focused investment firm Sfermion this week announced the close of Fund II, a $100 million venture fund with participation from Alan Howard, Chris Dixon, Marc Andreessen, Cameron and Tyler Winklevoss, Matthew Roszak, Digital Currency Group, CMT Digital, and Animoca Brands. Sfermion’s mission is to accelerate… Read More

OpenSea the Dominant NFT Site With 60% Market Share

Data presented by MejoresApuestas.com confirms OpenSea is the dominant NFT marketplace. That space is growing dramatically, as market volume topped $15 billion last week. Last week, all-time trading volume on OpenSea surpassed $9.4 billion, a figure representing 60 per cent of all marketplace trading volume…. Read More

Ethereum Experiences Burst of New User Adoption in Q3 due to NFTs, Bitcoin Records Steady Gains: Report

The team at Coin Metrics, including researchers Nate Maddrey and Kyle Waters have released their State of the Network Q3 2021 wrap-up report. In the latest edition of the State of the Network report, the Coin Metrics team has taken a data-driven look at what… Read More

P2P NFT Marketplace OpenSea Reaches Record $3.4B in Gross Merchandise Volume, More than Most Publicly-Traded Marketplace Firms: Report

Spencer Noon, an investor in Variant, a first-check cryptocurrency venture capital fund, has released their latest Network report, which covers OpenSea, Foundation, SuperRare, RMRK, and Fractional. Spencer Noon reports that analysts have covered the non-fungible tokens or NFTs space for: OpenSea, Foundation, SuperRare, RMRK, and… Read More

Polygon’s MATIC Token Now Listed on Okcoin

Cryptocurrency platform Okcoin and Polygon, an Ethereum scaling full-stack solution, this week announced the listing of Polygon’s native MATIC token on Okcoin as of Sept. 1. The listing is accompanied by an exclusive Polygon-minted NFT release from 10 members of The Most Famous Artist (TMFA)… Read More

Ethereum based NFTs Axie Infinity, NFT Bots, Mirror Making Considerable Impact on Blockchain Space: Report

Spencer Noon, an investor in Variant, a first-check cryptocurrency venture capital fund, has released their latest Network report, which covers Axie Infinity, NFT Bots, and Mirror. Spencer Noon notes in their weekly update that Axie Infinity has “steadily” seen about 25,000 daily users “with on-chain transactions”… Read More

NFT Auction Marketplace OpenSea is Valued at $1.5 Billion After Fresh Funding

NFT auction marketplace OpenSea is now a Unicorn. The platform that witnessed massive traction earlier this year raised $100 million in a Series B round led by Andreessen Horowitz at $1.5 billion, as per a TechCrunch report. The startup, which raised $23 million in Series… Read More

NFL Tight End Rob Gronkowski Enters Blockchain based Digital Collectibles Space with his Own NFTs

NFL tight end Rob Gronkowski has decided to enter the blockchain-based digital collectible space by introducing his own non-fungible tokens (NFTs). The National Football League athlete has teamed up with NFT marketplace provider OpenSea to launch five different digital trading cards that feature memorable Super… Read More

$6.6 Million Paid for 10-Second Video Artwork NFT Created by Digital Artist Mike Winkelmann

Miami-based art collector Pablo Rodriguez-Fraile had reportedly spent nearly $67,000 in October 2020 on a 10-second video artwork that he may have watched for completely free online. Pablo has now sold the digital artwork video for $6.6 million. The video has been created by digital… Read More

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