OpenSea Receives SEC Wells Notice, NFT Market Experiences Decline

According to Odaily, the NFT marketplace OpenSea has received a Wells notice from the U.S. Securities and Exchange Commission (SEC). This development appears to have impacted the broader NFT market. Following the news, Blur (BLUR) saw a 5% drop within minutes, although it experienced a slight rebound shortly after. Despite this, Blur's value has decreased by 10% over the past 24 hours. Additionally, the Solana-based NFT market aggregator Tensor (TNSR) also experienced a decline, falling by 3% following the announcement. Over the past 24 hours, Tensor's value has dropped by nearly 9%.