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Join OpenSea’s Non-Fungible Battle Against the SEC

Join OpenSea’s Non-Fungible Battle Against the SEC

Unifred
August 29, 2024

Hey, Community!

Non-fungibility is unstoppable! No matter how hard enemies try, they really can’t stop the non-fungible train from moving forward. This week’s highlight proves this.

Our first highlight shows that a legal tussle between the U.S. SEC and OpenSea is in the budding stage. Can it be averted? We’ll have to wait and see. Our second spotlight is on the Trinity of Identity, an art collection that explores human identity.

Want to have a scoop on these captivating details? Dive right in!

NFT News of the Week

SEC Hammers OpenSea With Wells Notice

In a surprising move, the U.S. SEC issued OpenSea a Wells notice. The agency claimed that NFTs are securities and must be registered before being offered to users.

OpenSea’s CEO, Devin Finzer, argued that NFTs are digital collectibles and do not fall under the SEC’s regulatory scope. What impact will this have on the NFT realm? Today, creatives, artists, game developers, and collectors benefit from the non-fungible realm. However, the SEC’s intervention can potentially restrict how everyone interacts with the digital collectible ecosystem.

Finzer also pledged $5 million to support creators and developers in paying legal expenses incurred along the way. This is sure to go a long way in the upcoming legal battle! Want to see more of this story?

NFT Event of the Week

Trinity of Identity

Ever imagined what it’s like to explore the depths of the human identity? Well, the Trinity of Identity does exactly this through art. Cool, right? The collection encapsulates the complexity of human identity through a powerful and minimalist visual language. Each NFT reflects distinctive aspects of being, exploring the interplay between light and shadow, presence and absence, body and soul.

Featuring 3K collectibles, these art pieces are characterized by bold brushstrokes and saturated colors, adding a sculptural effect that brings each piece to life while creating a sense of abstraction. The essential details were intentionally reduced to push viewers to reflect on the meaning and perception of identity. Each NFT is a unique fragment of a larger puzzle, inviting collectors to discover their connection to the art and themselves.

In a few words, the collection encourages introspection, reflection, and a deeper connection to both the art and oneself through a powerful and minimalist visual language.

Become a part of this mesmerizing discovery as you join the drop. Enjoy!

How much?

0.0005 ETH

When?

Ongoing

Join OpenSea’s Non-Fungible Battle Against the SEC

NFT News of the Week

SEC Hammers OpenSea With Wells Notice

NFT Event of the Week

Trinity of Identity

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