OpenSea

Former OpenSea Exec Nate Chastain Sentenced to 3 Months in Prison for Insider Trading
Former OpenSea Exec Nate Chastain Sentenced to 3 Months in Prison for Insider Trading
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.
Former OpenSea Exec Nate Chastain Sentenced to 3 Months in Prison for Insider Trading

Nate Chastain Twitter (CoinDesk screenshot)
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.
Nate Chastain Twitter (CoinDesk screenshot)

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

McNuggets Land in The Sandbox
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.
McNuggets Land in The Sandbox

Deals screenshot (OpenSea.io)
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.”
Deals screenshot (OpenSea.io)

67% of New NFTs Minted Are Profitable: Nansen Data
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 [...]
67% of New NFTs Minted Are Profitable: Nansen Data

Carpe Consensus 4X3
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]
Carpe Consensus 4X3

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

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

(Opensea, modified by CoinDesk)
Ex-OpenSea Exec Convicted of Wire Fraud, Money Laundering in Insider Trading Case
Nate Chastain made approximately $50,000 by buying and trading non-fungible tokens with insider knowledge gained from his position at OpenSea.
(Opensea, modified by CoinDesk)