Devin Finzer – DIGIT INFO

Why is the SEC going after digital art and monkey pictures? Law Decoded

DIGIT — Mon, 02 Sep 2024 19:05:35 +0000

OpenSea faces SEC scrutiny as the debate over NFTs as unregistered securities heats up, causing a stir in the crypto world.

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NFTs can be securities but SEC Wells notice to OpenSea ‘not productive’ — Lawyer

DIGIT — Thu, 29 Aug 2024 11:22:04 +0000

Atlas Development chief legal officer Oscar Franklin Tan stated that the Wells notice “does everything except provide us with clear rules to follow.”

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

DIGIT — Wed, 28 Aug 2024 22:10:43 +0000

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 could negatively impact innovation and creators’ livelihoods. The platform is prepared to contest the action and has committed $5 million to support NFT creators facing […]

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Weekend Wrap: Bitcoin could return to $10K, warns McGlone, Aptos buddies with Lotte and more

DIGIT — Mon, 28 Aug 2023 06:17:05 +0000

Bloomberg Intelligence’s Mike McGlone thinks we may be in for a “global economic reset” that could send Bitcoin down to $10,000.

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Weekend Wrap: $50M NFT platform shutters, OpenSea’s ‘HUGE mistake’ and more

DIGIT — Mon, 21 Aug 2023 07:05:06 +0000

The closing of NFT project Recur comes two years after it was valued at $333 million and had the backing of an Ethereum co-founder, the Winklevoss twins and Gary Vee.

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NFT marketplace OpenSea to disable royalty enforcement tool

DIGIT — Fri, 18 Aug 2023 05:30:07 +0000

OpenSea’s royalty enforcement tool Operator Filter is going to be turned off, according to the NFT marketplace’s founder and CEO, Devin Finzer.

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Opensea Cuts 20% of the NFT Market’s Staff, Citing ‘Crypto Winter’ and ‘Macroeconomic Instability’

DIGIT — Fri, 15 Jul 2022 18:30:33 +0000

The largest non-fungible token (NFT) marketplace by trade volume, Opensea, has announced the company has let 20% of its staff go after CEO Devin Finzer said the layoffs were due to a combination of “crypto winter and broad macroeconomic instability.” Opensea’s decision follows the startup surpassing $31 billion in all-time NFT sales volume, and the […]

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Opensea CEO Dismisses $200 Million Hack Rumor, Claims Incident Was a Phishing Attack

DIGIT — Sun, 20 Feb 2022 19:30:37 +0000

Opensea co-founder and CEO, Devin Finzer, has denied rumors that the non-fungible token (NFT) marketplace’s codebase was breached and that attackers had stolen $200 million. According to Finzer, an investigation had shown that the attacker had $1.7 million worth of ethereum in his wallet by leveraging a phishing scheme. Attacker Reportedly Returns Some Stolen NFTs […]

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Opensea’s All-Time NFT Sales Volume Crosses $20 Billion

DIGIT — Wed, 09 Feb 2022 15:30:38 +0000

Data indicates the non-fungible token (NFT) marketplace Opensea has crossed $20 billion in all-time sales. The leading NFT marketplace has seen more than 1.2 million traders leverage the platform since the market’s inception in 2017. 1.2 Million Opensea Traders and $20 Billion in Sales Volume Metrics show that the NFT marketplace Opensea has surpassed $20 […]

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