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(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.
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The average 2025 year-end price target for the S&P 500 this year is 6,539, implying potential gains of around 11% from current levels after a 23% gain last year.
This is due in large part to the sales of the Bored Ape Yacht Club NFT collection totalling over US$1 billion as well as high value auction sales from their investor, now defunct FTX. [ 5 ] [ 6 ] Various celebrities have purchased these non-fungible tokens, including Justin Bieber , Snoop Dogg and Gwyneth Paltrow .