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SEC Issues Wells Notice to Opensea, Alleging NFTs on the Marketplace Are Securities

The U.S. Securities and Exchange Commission (SEC) has issued a Wells notice to Opensea, signaling potential enforcement action against the NFT marketplace. Opensea’s CEO criticized the SEC’s move, claiming it…

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Immutable Raises $200 Million in Temasek-Led Series C, NFT Startup Now Valued at $2.5 Billion

Following the startup’s partnership with Gamestop, the Sydney-based blockchain firm Immutable announced it raised $200 million in a Series C financing round led by Temasek. The company is now valued…

Continue ReadingImmutable Raises $200 Million in Temasek-Led Series C, NFT Startup Now Valued at $2.5 Billion

Video Game Retailer Gamestop Partners With L2 Startup Immutable X, Launches $100 Million NFT Fund

Last May it was discovered that the video game retail giant Gamestop was stepping into the world of non-fungible token (NFT) technology. Nine months later, Gamestop has revealed it is…

Continue ReadingVideo Game Retailer Gamestop Partners With L2 Startup Immutable X, Launches $100 Million NFT Fund

SXSW’s 2022 Festival in Texas to Host Major On-Site NFT Workshop for Participants

On Thursday, South by Southwest (SXSW) Conference and Festivals announced the company will be minting the first SXSW NFT, and at the 2022 festival in Austin, Texas, participants will be…

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Opensea NFT Marketplace Claims Employee Profited From Insider Information

On September 15, the top non-fungible token (NFT) marketplace, Opensea, revealed that an Opensea executive profited from insider trading. “Yesterday we learned that one of our employees purchased items that…

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