Two Legal Experts Comment on OpenSea Wells Notice and Potential SEC Enforcement Action Are NFTs Securities?

Last week, OpenSea, a popular NFT [non-fungible token] marketplace, revealed that it had received a Wells Notice from the Securities and Exchange Commission (SEC). The missive indicates a good probability of a forthcoming enforcement action against the firm. While NFTs are largely aligned with digital collectibles, the sector has nuance, and it appears the SEC may deem certain NFTs issued and traded on the platform as digital asset securities. CI connected with two legal experts