NFT News Today TheBittimes.com

OpenSea, one of the world’s first and largest web3 marketplaces for non-fungible tokens and crypto collectibles, has received a legal notice from the United States Securities and Exchange Commission, claiming that non-fungible token collections on its market platform are illegal securities. The move is a big blow to creators, collectors, and other market players. SEC Issues A Wells Notice To OpenSea In an August 28 blog post, Davin Finzer, the co-founder and the chief executive officer of the OpenSea NFTmarketplacee, confirmed that they had been served with a legal notice by the United States Securities and Exchange Commission (SEC) that claims NFTs in its platform are securities. The fate of creators and artists now lies in the corridor of justice. OpenSea has received a Wells notice from the SEC threatening to sue us because they believe NFTs on our platform are securities. We're shocked the SEC would make such a sweeping move against creators and artists. But we're read...

OKX has expanded its digital asset offerings by integrating various inscription token standards, including Dogecoin Ordinals, into its wallet and marketplace. The integration process begins with the Bitcoin token standard, SRC-20 (Stamps), allowing users to view and transfer different inscription standards. OKX Wallet plans to incorporate ARC-20 (Atomicals), DRC-20 (Doginals), and Runes by late February. Concurrently, the OKX Marketplace will integrate these standards , enabling the purchase and sale of DRC-20, ARC-20, and Runes inscription s without fees. We're the first-to- market with four new inscription token standards across #Web3 Wallet and Marketplace: ️ Atomicals ️ Stamps ️ Runes ️ Doginals Details here: https://t.co/c0LAuwKrhP pic.twitter.com/wkKpHUShe8 — OKX (@okx) January 29, 2024 The development is part of a broader trend where new token standards on various blockchain platforms are named distinctively, such as PRC-20 on Polygon PoS, Ethscriptions on Et...