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NFT marketplace OpenSea slashes staff by 50% as it prepares to launch OpenSea 2 0

OpenSea came into existence in 2017, during the initial rise of NFTs as a groundbreaking concept. It follows a business model akin to platforms like eBay and Etsy and accepts payments in Ether.

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A Former OpenSea Manager Has Been Convicted in the First Major NFT Insider Trading Case

Nathanial Chastain has been convicted of money laundering and wire fraud in the first-ever NFT insider trading case.

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OpenSea s New Tool Enforces Royalties for NFT Creators But Some Say It Goes Too Far in Quashing the Competition

OpenSea creators can now bake royalties into new collection smart contracts; the status of existing collections, however, is uncertain.

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NFT leading marketplace OpenSea lays off its 20% employees

NFT leading marketplace OpenSea is laying off its 20% employees. The CEO of this company shared a note on Twitter i.e.

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NFT Insider Trading Charge Brought by DOJ Against Former OpenSea Employee

Shortly after the NFTs were featured on the site, the employee sold them at profits of two to three times his purchase price, according to the DOJ.

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