SEC Sends Wells Notice to NFT Platform Opensea

The post SEC Sends Wells Notice to NFT Platform Opensea appeared first on Coinpedia Fintech News

The co-founder of NFT platform Opensea has shared from his X account that the platform has received a Wells Notice from the SEC. He said that the SEC wants to sue the platform because according to them the NFTs are securities. He added that they are not going to risk the platform and the hundreds of thousand artists. He stated “To help ensure creators can continue innovating without fear, OpenSea is pledging $5M to cover legal fees for NFT artists and developers that receive a Wells notice.”