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OpenSea founder pivoted to AI — and won

Alex Atallah, the founder of OpenSea, pivoted to AI with his firm OpenRouter, a firm that was recently acquired by Stripe.

Former OpenSea manager’s insider trading conviction overturned

Nathaniel Chastain, a former OpenSea product manager, had his insider trading conviction overturned on appeal.

OpenSea is airdropping a token, relaunching its website, cutting fees, and adding blockchains. Trading volumes, however, are still declining.

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

OpenSea cautioned that existing keys will expire in October but added that new keys will “have the same permissions and rate limits.”