OpenSea

Nate Chastain, the former head of product at OpenSea, has received a three month prison sentence in what the prosecutors are calling the first-ever digital asset insider trading scheme. CoinDesk's global policy and regulation managing editor Nikhilesh De breaks down the latest developments.

By CoinDesk Staff

Aug 23, 2023 at 2:56 p.m. UTC

Aug 23, 2023

cdtvFM ClipOpenSeaNate Chastain

Nate Chastain Twitter (CoinDesk screenshot)

Policy

Regulations

Ex-OpenSea Executive Nate Chastain Gets 3 Months in Prison for Insider Trading

Chastain was found guilty on charges of buying and selling NFTs from collections he knew would later be featured on his former company’s home page.

By Elizabeth Napolitano

Aug 22, 2023 at 8:58 p.m. UTC

Aug 22, 2023

RegulationsNate ChastainOpenSea

Billionaire Investor Mark Cuban Says OpenSea Making NFT Creator Fees Optional Is a 'Huge Mistake'

Video

Cdtv

Billionaire Investor Mark Cuban Says OpenSea Making NFT Creator Fees Optional Is a 'Huge Mistake'

NFT marketplace Open Sea plans to sunset the Open Sea operator filter and move to optional creator fees on all secondary sales for new collections according to a recent post on X formerly Twitter Billionaire investor Mark Cuban called the move a huge mistake as an Open Sea investor The Hash panel shares their reactions [...]

By CoinDesk Staff

Aug 21, 2023 at 5:35 p.m. UTC

Aug 21, 2023

cdtvHash clipMark CubanOpenSeaWeb3

Web3

The airdrop

OpenSea’s New Deal, McNuggets Land in the Metaverse

The NFT marketplace is letting collectors trade directly with one another, McDonald’s launches a virtual experience and more Web3 news of the week.

By Toby Bochan

Jul 21, 2023 at 4:06 p.m. UTC

Jul 21, 2023

The AirdropNewslettersNFTsWeb3AIMcDonald'sOpenSeaFunding

Web3

Opensea

OpenSea Makes ‘Deals,’ Launches Peer-to-Peer NFT Swaps

The new feature allows collectors to trade NFTs directly with each other as well as add WETH to “sweeten the deal.”

By Cam Thompson

Jul 20, 2023 at 6:39 p.m. UTC

Jul 20, 2023

OpenSeaNFTspeer-to-peerNFT marketplacesWeb3

67% of New NFTs Minted Are Profitable: Nansen Data

Video

Cdtv

67% of New NFTs Minted Are Profitable: Nansen Data

According to Nansen data 67 of new non fungible token NFT mints in May are profitable Separately Dune Analytics notes a declining number of monthly active traders this year on Opensea the largest NFT marketplace amid increased weekly volume on Blur an NFT platform geared towards professional traders Coin Desk's Jennifer Sanasie presents The Chart [...]

By CoinDesk Staff

Jun 5, 2023 at 6:16 p.m. UTC

Jun 5, 2023

cdtvNFTDune analyticsOpenSeaChartDay_SponsorNansenBlur

Podcasts

Consensus

Insider Trading Won’t Fly in Crypto: Coinbase and OpenSea Updates

Plus, more on Bitcoin’s BRC-20, GREED token and Pepe. [reward]75aa4fbe-0592-4c29-8468-ef6583a0315e[/reward]

By Ben Schiller Danny Nelson Cam Thompson

May 18, 2023 at 9:00 a.m. UTC

May 18, 2023

ConsensusPodcastOpenSeaCoinbaseGreedPepe

Milady 8835 last sold for 0.35 ETH (about $1,000) on OpenSea. (Art by Remilia, modified by CoinDesk.)

Web3

Nfts

Elon Musk Tweets a Milady NFT, Floor Price Soars on OpenSea

The Twitter CEO shared a gif of the counterculture NFT declaring, “There is no meme, I love you,” shooting the collection to the top trending spot on the marketplace.

By Toby Bochan

May 10, 2023 at 4:35 p.m. UTC

May 10, 2023

NFTsElon MuskMiladysTwitterOpenSea

Ex-OpenSea Exec Charged With Wire Fraud, Money Laundering in Insider Trading Case

Video

Cdtv

Ex-OpenSea Exec Charged With Wire Fraud, Money Laundering in Insider Trading Case

Nate Chastain the former head of product at non fungible token NFT platform Open Sea was convicted of money laundering and wire fraud in a federal court in New York on Wednesday according to a report from Reuters Chastain made approximately 50 000 by buying and trading NF Ts with insider knowledge from his position [...]

By CoinDesk Inc

May 4, 2023 at 5:10 p.m. UTC

May 4, 2023

cdtvNFTHash clipOpenSeaNate Chastain