Opensea, the leading NFT market, urges the American Securities and Stock Exchange Committee (SEC) to not classify NFT platforms under federal securities laws. The company argues that NFTS are digital holdings, not investment contracts, and that their organization like traditional securities can harm innovation in the WEB3 space. Opensea believes that NFT markets should be treated differently from stock exchanges and want clear and designed rules to support responsible growth without suffocating creativity or technology in the NFT sector.
