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Fake news: SEC thinks NFTs are securities

OpenSea fans claim that SEC commissioners think all NFTs are securities, but like so many fake news events in crypto, it never happened.

OpenSea hit with Wells notice, says SEC lawsuit will ‘misinterpret law’

OpenSea claims that classifying NFTs as securities would misinterpret the law, jeopardize artists’ livelihoods, and stifle innovation.

If Mark Zuckerberg hadn’t continued to lose billions of dollars propping up the metaverse, these assets might have actually gone to $0.

Orb Land’s demise adds to overwhelming evidence that the utilities of NFTs are mostly useless except for price speculation.