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- 📝 U.S. SEC locks its crosshair on OpenSea
📝 U.S. SEC locks its crosshair on OpenSea
PLUS: Magic Eden launch NFT mint aggregator, Trump's 4th NFT set released and much more!
Nifty Notes Team
August 30, 2024
In partnership with
GM. This is Nifty Notes, the weekly newsletter that brings you up to speed on the top stories in NFTs, web3 and the metaverse.
Here’s what we’ve got for you today:
OpenSea hit with Wells notice from SEC 😲
Magic Eden launch NFT mint aggregator 👀
Trump’s 4th NFT set sees mixed reactions 🟡
INSIGHTS: Jirasan flew as they revealed their art and struck several partnerships, Way To Gods rose as interest in Mittaria heats up, and Lazy Lions climbed as its owner revealed more about himself and new initiatives on the way. Early Retired Cats Club declined as the Meow Games began, Bored Ape Kennel Club corrected after last week’s rise, and DeGods slid amid a slew of intrigue and cryptic activity.
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OpenSea hit with Wells notice from SEC 😲
OpenSea has been issued with a Wells notice by the U.S. Securities and Exchange Commission (SEC), as confirmed by CEO and Co-founder Devin Finzer.
This informs OpenSea that the SEC plans to bring enforcement action against them, under the suspicion that OpenSea is facilitating the trading of a security: NFTs.
In anticipation of NFT artists and developers being targeted directly, OpenSea has pledged $5M USD towards the legal fees of any individual issued with a Wells notice.
Magic Eden launch NFT mint aggregator 👀
Magic Eden has launched Mint Terminal, an NFT minting aggregator that collates available NFT mints and makes them available in one place.
The free-to-use Mint Terminal currently supports Ethereum, Polygon and Base - and if successful, is expected to expand to support other blockchains.
Reactions have been mixed, with individuals such as @waleswoosh concerned that this could lead to a flood of low-quality NFTs, akin to the current spread of low-quality memecoins due to sites such as pump.fun.
Trump’s 4th NFT set sees mixed reactions 🟡
Donald Trump has launched a fourth set of digital trading cards, with 50 new Polygon-based NFTs available at the price of $99 USD each.
Titled the ‘America First’ collection, the NFTs depict Trump in a variety of intriguing situations and costumes, with a portion of the fabric from Trump’s June 27 Presidential Debate suit available to high-volume buyers.
Influencer @notthreadguy purchased $25,000 USD of these cards, expecting a guaranteed dinner and cocktail party with Trump - only to discovered he’d purchased a “10% chance” of securing the trip.
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and always do your own research.