November 08, 2024
Users of nonfungible token platform OpenSea have dropped their proposed securities class action after the NFT marketplace held firm on its demand that the claims be arbitrated.
September 20, 2024
Two Florida users of OpenSea hit the nonfungible token marketplace with a proposed securities class action claiming the assets the users bought on the platform are unregistered investment contracts in light of recent court decisions and regulatory scrutiny from the U.S. Securities and Exchange Commission.