#OpenSea users have filed a class-action lawsuit claiming that #NFTs purchased on the platform may qualify as unregistered securities.
The lawsuit argues that OpenSea facilitated the sale of NFTs without proper disclosures required by securities laws, potentially misleading buyers about the investment risks involved.
The legal dispute could have significant implications for the NFT market if the court rules that these digital assets are indeed securities, potentially subjecting NFT platforms to more stringent regulations.
