OpenSea: Received SEC Wells Notice and Plans to Provide $5 Million to Support Legal Fees for NFT Artists and Developers

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ODAILY
08-28
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Odaily Odaily News: OpenSea announced on the X platform that it had received the Wells Notice from the U.S. Securities and Exchange Commission, but was shocked by the SEC's actions to threaten creators and artists, and is now ready to stand up and fight for the industry. To help ensure that creators can continue to create without fear, OpenSea said it plans to provide $5 million to pay legal fees for NFT artists and developers who received the Wells Notice.

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