DeFi Daily News
Sunday, June 29, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home DeFi NFT

rewrite this title and make it good for SEO OpenSea to Launch New NFT Platform Amid Market and Legal Setbacks – Cryptoflies News

Flavia S. by Flavia S.
November 5, 2024
in NFT
0 0
0
rewrite this title and make it good for SEO OpenSea to Launch New NFT Platform Amid Market and Legal Setbacks – Cryptoflies News
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1200 words and keep HTML tags

3

Non-fungible token (NFT) marketplace OpenSea is set to launch a new version of its platform, as announced by CEO Devin Finzer on November 4.

In a post on X (Twitter), Finzer wrote, “We’ve been quietly cooking at @opensea,” adding that the team had to “reimagine everything” and rebuild the platform “from the ground up.”

While details of the new platform remain limited, OpenSea plans to make it available to users in December, with a waitlist already open. More than 233,000 wallets have already signed up so far.

Early user feedback from those with beta access has highlighted new features like a “Leaderboard” and “Reward” section, suggesting that OpenSea is incorporating gamified elements and incentives into the platform.

opensea new platform features

The announcement follows a long-term strategy that Finzer has referenced since late 2023, called “OpenSea 2.0.” This initiative aims to enhance security and offer a more personalized user experience. 

You Might Be Interested In

To support these changes, OpenSea underwent a significant restructuring, which included a workforce reduction of up to 50%. This was the company’s second major round of layoffs; in July 2022, OpenSea had already cut about 20% of its staff, leaving it with approximately 200 employees.

OpenSea has faced mounting challenges over the past year. Following the restructuring, investment firm Coatue Management reduced its stake in the company by nearly 90%, which significantly impacted OpenSea’s valuation. 

In May 2024, OpenSea’s trading volume dropped to levels not seen since April 2021, reflecting a cooling interest in NFTs. Additionally, regulatory issues have increased, with the SEC sending a Wells notice to OpenSea in August, indicating its view that NFTs on the platform may qualify as securities. In September, two users filed a class-action lawsuit, claiming OpenSea sold unregistered securities.

In response to these legal pressures, Finzer has been vocal in opposing the SEC’s stance. He committed $5 million to support affected NFT creators and, in September, collaborated with Coinbase to establish a $6 million legal defense fund. This fund, in collaboration with a16zcrypto and several law firms, offers legal assistance to creators navigating regulatory challenges in the NFT market. 

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: CryptofliesGoodlaunchlegalMarketNewsNFTOpenSeaPlatformrewriteSEOSetbackstitle
ShareTweetShare
Previous Post

rewrite this title Ethereum Devcon Attendee Robbed at Knifepoint in Thailand – Decrypt

Next Post

rewrite this title How to Buy GridZone.io (ZONE) on Gate.io Easily – Metaverseplanet.net

Next Post
rewrite this title How to Buy GridZone.io (ZONE) on Gate.io Easily – Metaverseplanet.net

rewrite this title How to Buy GridZone.io (ZONE) on Gate.io Easily - Metaverseplanet.net

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – alt=

rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – $0.5 Reclaim In The Horizon?

June 28, 2025
rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

June 28, 2025
rewrite this title with good SEO Bitcoin Could Explode On Bessent’s 0 Billion Deregulation Shock

rewrite this title with good SEO Bitcoin Could Explode On Bessent’s $250 Billion Deregulation Shock

May 28, 2025
rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

June 27, 2025
Crypto Analyst Reveals Six ‘Super-Cycle’ Tokens Set to Surge by 1000x in Value

Crypto Analyst Reveals Six ‘Super-Cycle’ Tokens Set to Surge by 1000x in Value

August 16, 2024
Proximus Group Partners with Infosys to Explore New Business Opportunities

Proximus Group Partners with Infosys to Explore New Business Opportunities

September 10, 2024
rewrite this title Flamengo 2-4 Bayern Munich: Kane brace sets up Club World Cup last eight clash with PSG

rewrite this title Flamengo 2-4 Bayern Munich: Kane brace sets up Club World Cup last eight clash with PSG

June 29, 2025
rewrite this title Superman Cast Teases New Movie With Hilarious Behind The Scenes Clip | Celebrity Insider

rewrite this title Superman Cast Teases New Movie With Hilarious Behind The Scenes Clip | Celebrity Insider

June 29, 2025
rewrite this title Vitalik Buterin says pluralistic ZK digital IDs are the ‘best realistic solution’ to preserve privacy

rewrite this title Vitalik Buterin says pluralistic ZK digital IDs are the ‘best realistic solution’ to preserve privacy

June 29, 2025
rewrite this title 12 New Summer Anime Releases to Add to Your Watch List Right Now

rewrite this title 12 New Summer Anime Releases to Add to Your Watch List Right Now

June 29, 2025
rewrite this title and make it good for SEO4 Signs Stagflation Could Be Coming in 2025

rewrite this title and make it good for SEO4 Signs Stagflation Could Be Coming in 2025

June 29, 2025
rewrite this title This Week in Crypto Games: ‘Raini: The Lords of Light’ Shutting Down, ‘Eve Frontier’ Trial – Decrypt

rewrite this title This Week in Crypto Games: ‘Raini: The Lords of Light’ Shutting Down, ‘Eve Frontier’ Trial – Decrypt

June 29, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.