#marketplace

Solana-based NFT marketplace Magic Eden is expanding. The platform announced adding support for 2 more blockchains: Berachain and ApeChain, bringing the total number of supported blockchains to 9.

Devin Finzer, CEO and co-founder of OpenSea, revealed on the social media platform X that the U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to the NFT marketplace, signaling that the SEC may pursue legal action against OpenSea.

NFT marketplace OpenSea is actively working on its platform's new version, despite losing its top spot and witnessing a downturn in the NFT market. This update includes a total redesign of the website and improved functionality for interacting with diverse NFT types.

DMarket, hailing from Ukraine and specializing in game skin trades, has carved a niche for itself in the NFT world. According to CryptoSlam!, marketplace raced past a trading volume of $1 million, leaving behind popular NFT collections such as Sorare, Bored Ape Yacht Club, and CryptoPunks. Additionally, CSGO skins have chalked up a hefty $216 million in secondary sales.

Xterio, the gaming Web3 platform, has revealed its decision to create an independent ecosystem following OpenSea's refusal to charge author royalties on NFT resales. This new initiative will support content creators through the launch of an NFT marketplace, exclusive tokens, a rewarding mechanism, and diverse affiliate programs. Xterio's officials have said that the launch of this marketplace is imminent, expected within the following weeks.

The U.S. government is poised to significantly increase its funds following a Supreme Court ruling that opens the door for the sale of 69,370 BTC, seized from the notorious Silk Road dark web marketplace.

Blockchain researcher ZachXBT recently reported the successful return of most funds obtained from selling a DeGods NFT stolen in May 2023. The NFT was pilfered through a phishing website and promptly sold for 99 ETH (valued at $177,000) on the NFT marketplace Blur.

The NFT marketplace, Magic Eden, has unveiled its own crypto wallet, created in partnership with Exodus. Presently, it is available as a downloadable extension for the Chrome browser.

Jana Bertram, who leads the RARI Foundation, incorporating the NFT marketplace Rarible, acknowledges that NFT technology is generally perceived unfavorably within much of the crypto community. She suggests that a rebranding could potentially shift this perspective, but admits it's not a definitive solution.

CNBC has released a documentary video delving into the intriguing story of hacker Jimmy Zhong, who orchestrated a daring heist in 2012 by stealing 50,000 BTC from the darknet marketplace Silk Road.

Reports are surfacing that OpenSea, the NFT marketplace, has potentially suffered a data breach. Due to a vendor's security lapse, OpenSea's API keys may have been compromised, and users have been alerted via email. The best course of action? Replace those keys. Yet, there's been a noticeable absence of official comments from OpenSea on platform X.

OpenSea Head of Product Receives Prison SentenceNate Chastain has been sentenced to three months in prison for engaging in insider trades that amounted to $50,000. Chastain, aged 33, was found guilty of fraud and money laundering in a federal court in New York in May. This case marked the conclusion of what prosecutors deemed the first significant NFT insider trading case. Chastain profited by purchasing and selling at least 45 NFTs he was aware would be featured on OpenSea’s homepage. U.S. Attorney stated, “Today’s sentence should serve as a warning to other corporate insiders that insider trading – in any marketplace – will not be tolerated.”

Beginning on August 31, the popular NFT marketplace OpenSea will not charge royalties for NFT secondary transactions, signaling a change in artist earning policy. Previously, creators were able to set a commission of 2.5% to 10% and earn from every resale. However, with the new update, the creator fee is left up to the discretion of the buyer. For collections on non-Ethereum blockchains, the creator fee will only remain mandatory until February 29, 2024. After this date, the entire platform will make royalties optional.