OpenSea: Has received notification from the US SEC Wells Notice, intends to provide $5 million in legal fees to support Non-fungible Token artists and developers

Odaily Planet Daily News: OpenSea announced on X platform that it has received a Wells notice from the US Securities and Exchange Commission (SEC). However, it is shocked by the SEC's actions threatening creators and artists and is ready to stand up for the industry. To help ensure that creators can continue to create without fear, OpenSea is committed to providing $5 million to cover legal fees for NFT artists and developers who have received Wells notices.

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