NFT

Blur, Tensor Tokens Dip After NFT Marketplace OpenSea Receives SEC Wells Notice

Published

1 year ago

August 28, 2024

Cryptocurrencies from non-fungible token (NFT) marketplaces fell within the US on Wednesday morning, following information that OpenSea is going through potential US regulation.

Including to earlier losses alongside a broad crypto decline that began within the US on Tuesday night, Blur (BLUR) fell one other 5% within the minutes after the information earlier than staging a modest restoration. The worth has now fallen by 10% up to now 24 hours. Tensor (TNSR), a Solana-based NFT market aggregator, additionally traded 3% decrease. The worth of the token has fallen by nearly 9% within the final 24 hours. The broader CoinDesk 20 Index was down 4% over the identical interval.

The morning worth motion occurred as OpenSea’s CEO stated the platform acquired a discover from Wells from the U.S. Securities and Trade Fee claiming that the digital artwork being offered in the marketplace is securities.

Learn extra: OpenSea receives discover from SEC’s Wells and calls NFTs offered on platform securities

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