Devin Finzer News

OpenSea, one of the largest marketplaces for non-fungible tokens (NFTs) may be facing regulatory action from the U.S. Securities Exchange Commission (SEC).

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

The collapse of the non-fungible token (NFT) market last year dealt a blow to OpenSea, raising questions about its once staggering $13.3 billion valuation.

Non-fungible token (NFT) global sales have seen a lot of green over the past month. The day’s picture has turned red, though.

Leading non-fungible token (NFT) marketplace OpenSea, unveiled plans to lay off half its workforce, amid the company’s major restructuring plans.

Nonfungible token (NFT) marketplace OpenSea announced on Nov. 3 that it was laying off employees. Co-founder and CEO Devin Finzer broke the news on X (formerly Twitter), saying the company was launching OpenSea 2.0 with a smaller team.

The rise of nonfungible token (NFT) marketplaces has ushered in a new era, fundamentally reshaping the way we perceive and interact with digital assets. They provide a new medium for artists to showcase their creations and establish a direct and meaningful connection with their audience. OpenSea has taken center stage in this revolution.

Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights.

The major non-fungible token (NFT) marketplace OpenSea has implemented changes that makes creator fees optional for new collections.

Non-fungible token (NFT) marketplace OpenSea is sunsetting its on-chain royalty enforcement tool — Operator Filter — which allows creators to blacklist NFT marketplaces that don't enforce royalties.

Cyber security company Imperva detected a major vulnerability on popular NFT marketplace OpenSea, which when successfully exploited, could allow the attacker to obtain the identities of users on the platform.

The bear market and the wave of bankruptcies in the crypto industry drained $116 billion from the pockets of founders and investors in the past nine months, according to recent estimates by Forbes. 

Crypto collectibles and nonfungible token (NFT) marketplace OpenSea announced plans to integrate BNB Chain on Seaport Protocol by the end of Q4 2022. The integration will allow users to buy, list and trade BNB Chain NFTs on the OpenSea marketplace.

In this week’s newsletter, read about how trademark applications for nonfungible tokens (NFTs) and the metaverse have grown in the United States. Check out how NFT marketplace OpenSea has launched a tool that can enforce NFT royalties on-chain and how the Chinese city of Wuhan backpedaled on its NFT plans while still pursuing the growth of metaverse economies.

Nonfungible (NFT) marketplace OpenSea appears to have taken a position in the NFT royalties debate — launching a new "on-chain" tool helping creators enforce royalties. 

Non-fungible tokens (NFTs) are a kind of blockchain-based asset representing a digital file such as an image, video or item in an online game. They exploded in popularity in 2021, as crypto-rich speculators rushed to cash in on rising prices, but sales volumes have slumped in recent months. The third quarter of 2022 saw $3.4 billion in NFT sales, down from $8.4 billion the previous quarter and $12.5 billion at the market's peak in the first quarter of the year, DappRadar said. While the nascent NFT market benefited from cryptocurrency price gains and high risk appetite among investors in 2021, these conditions have turned sharply in 2022, as central bank rate rises prompt investors to ditch risky assets. Bitcoin is trading around $19,000, down from its November peak of $69,000.

Lawyers representing Nathaniel Chastain, the former OpenSea product manager accused of insider trading, have claimed United States authorities only filed charges in an attempt to set a legal precedent that nonfungible tokens (NFTs) are securities.

Bleak market prospects continue to afflict the cryptocurrency ecosystem as prominent firms face the tough reality of reducing their workforce to ensure their long-term viability. 

Non-fungible tokens (NFTs) trading volume between May and June fell 74%, data from The Block Research showed.

NFT marketplace OpenSea slashes 20% of jobs

OpenSea has become the new victim of the ongoing crypto winter as it has decided to slash its workforce.