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OpenSea Grabs 42% of NFT Market After 0.5% Fee Cut as Rivals Lag

Source: Cryptonews A recent report revealed that OpenSea has maintained the top position in non-fungible token (NFT) marketplace trading volume over the past 30 days. Transaction volumes spiked as traders flocked to OpenSea’s revamped platform, drawn by lower fees and cross-chain support. Can Wallet Growth Reignite NFT Mania? According to data from NFT Scan, the… Continue reading OpenSea Grabs 42% of NFT Market After 0.5% Fee Cut as Rivals Lag

SEC Closes Investigation Into OpenSea, Declining To Pursue Charges Over NFT Marketplace Operations

Source: CoinMarketCap The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into OpenSea, the leading NFT marketplace. The inquiry, which began in August 2024, was part of the SEC’s broader efforts to regulate digital platforms that could be considered unregistered securities marketplaces. OpenSea was initially issued a Wells notice, signaling potential enforcement actions.… Continue reading SEC Closes Investigation Into OpenSea, Declining To Pursue Charges Over NFT Marketplace Operations