Search results
Results from the WOW.Com Content Network
Dogecoin (CRYPTO: DOGE) just got exposure to what might become a strong new tailwind. And that's exactly what several asset managers that issue exchange-traded funds (ETFs) have sought to do with it.
(Reuters) -The U.S. Securities and Exchange Commission has threatened to sue non-fungible tokens marketplace OpenSea, the company's CEO said in a post on social media platform X on Wednesday.
OpenSea is an American non-fungible token (NFT) marketplace headquartered in Miami. The company was founded by Devin Finzer and Alex Atallah in 2017. [1] [2] OpenSea offers a marketplace online allowing for non-fungible tokens to be sold directly at a fixed price, or through an auction.
The top NFT marketplace plants a flag in the ground for creator royalties—but only after taking flak for considering otherwise.
During the height of the breakout success of CryptoKitties and the emergence of ERC-721 tokens in 2017, an NFT marketplace called OpenSea emerged to capitalize off of the new non-fungible token standard. [47] It positioned itself early in the NFT market landscape and grew to a $1.4 billion market cap in 2021 during the then-ongoing NFT boom. [48]
The concept of non-fungible digital assets that could be owned on a blockchain predated ERC-721, with projects like Colored Coins on Bitcoin in 2012. [7] In 2017, just prior to ERC-721’s publication, Larva Labs launched the CryptoPunks NFT project on Ethereum using ERC-20 (a fungible token standard).
The coins’ gains reflect the broader market rally led by Bitcoin, up over 20% this week. This has been driven by the Securities and Exchange Commission approving the first 10 spot Bitcoin ETFs ...
In January 2022, Forbes estimated the stakes in OpenSea owned by Finzer and his co-founder Alex Atallah to be worth $2.2 billion each, making them the first two non-fungible token billionaires. [2] In April 2023, the net worths of both founders were estimated to have fallen to less than $600 million each following a steep decline in OpenSea's ...