On August 28th, the Securities and Exchange Commission issued a Wells Notice to OpenSea, notifying the largest NFT marketplace that it is under investigation for operating as an unlicensed exchange, labeling the NFTs traded on the platform as securities. Founder & CEO of OpenSea, Devin Finzer, posted that “[t]his is a move into uncharted territory….
This week, we’re taking at look at Magic Eden’s “Mint Madness” promotion and how this novel approach in the heated NFT marketplace competition is proving fruitful. We also go over the launch of Illuvium Beyond alongside the best of this week’s market news and analysis.
This week, we’re discussing Unity’s major launch of more than a dozen verified web3 development solutions, and the rising profile of Games For a Living’s Elemental Raiders now that EA founder Trip Hawkins has come aboard.
This week, we discuss the all-out war that’s erupted between OpenSea and upstart marketplace Blur and what it means for the future of NFTs, alongside other web3 market updates and news.
This week, we provide an update on the ongoing market share battles between various cross-chain NFT marketplaces, look into Thirdverse’s $15M raise, and round up all the key market updates from last week.
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