Opensea

OpenSea CEO Devin Finzer challenges the SEC’s crackdown on NFTs

August 29, 2024 1 min read

OpenSea, the prominent NFT marketplace, has received a Wells notice from the SEC, suggesting that the agency suspects OpenSea of violating federal securities laws by facilitating the sale of NFTs that may qualify as securities. This action has raised worries regarding the possibility of implementing more extensive controls inside the NFT business. Devin Finzer, the co-founder and CEO of OpenSea, openly responded to the SEC’s warning, expressing his surprise and

OpenSea CEO remains optimistic about the future of NFTs, emphasizing growth

May 30, 2024 1 min read

Despite market volatility, OpenSea CEO Devin Finzer remains optimistic about NFTs. Finzer told BeInCrypto that digital assets are growing, trends are evolving, and new collaborations are underway. Due to rising gaming and physically supported NFT demand, Finzer said NFTs are not declining. OpenSea has worked with Courtyard on Pokémon card initiatives and Parallel and Revolving Games. “We see emerging use cases popping up on OpenSea all the time,” he added.

OpenSea NFT Marketplace Disables Ledger Connect Amid Ledger Connect Security Breach

January 25, 2024 1 min read

The security breach at Ledger Connect has sent shockwaves through the community, with many NFT enthusiasts worried about potential losses. The incident has had a significant impact on users such as Muro, an OpenSea user who suffered a $50,000 financial setback and lost some NFTs. As the crypto world deals with the aftermath, OpenSea, a major NFT marketplace, has taken proactive steps to protect its users. OpenSea, a leading NFT

OpenSea expands platform capabilities with Arbitrum Nova integration

January 9, 2023 1 min read

OpenSea NFT marketplace has implemented Arbitrum Nova, a Layer 2 blockchain designed to provide low-cost data availability. Through this integration, OpenSea customers will now have an economical way to purchase and sell digital collectibles compared to transactions on Ethereum. This integration follows OpenSea’s implementation of Arbitrum, another scaling network developed by Offchain Labs, in September of 2022. All collections on the Arbitrum Nova blockchain will be organized with the other

OpenSea chooses Ethereum Proof-of-Stake (PoS) following Merge

September 2, 2022 2 mins read

Although the NFT marketplace giant will not support Ethereum forks, OpenSea competitors may. Once the network’s highly anticipated upgrade—the Merge—is completed, OpenSea will support the proof-of-stake Ethereum chain. The Ethereum Merge will convert the blockchain’s current proof-of-work consensus to a more environmentally friendly, 99.9% more energy-efficient version. The event, which is expected to take place on or around September 15, has prompted many crypto platforms to prepare for the change.