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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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  • NFT
    Pudgy Penguins CEO predicts NFT mania, crypto gaming comeback

    Pudgy Penguins CEO predicts NFT mania, crypto gaming comeback

    Whale snaps up 45 CryptoPunks amid ETH rally

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    Top NFT Performers of the Week, Courtyard and Pudgy Penguins Secure Top Positions

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    Ethereum Unveils Symbolic NFT Torch Ahead of 10-Year Anniversary

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    What Is Copy Trading in Crypto? A Beginner’s Guide

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    A Step-by-Step Guide for Risk-Takers

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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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  • Crypto
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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    Pudgy Penguins CEO predicts NFT mania, crypto gaming comeback

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    Whale snaps up 45 CryptoPunks amid ETH rally

    Top NFT Performers of the Week, Courtyard and Pudgy Penguins Secure Top Positions

    Top NFT Performers of the Week, Courtyard and Pudgy Penguins Secure Top Positions

    Ethereum Unveils Symbolic NFT Torch Ahead of 10-Year Anniversary

    Ethereum Unveils Symbolic NFT Torch Ahead of 10-Year Anniversary

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    NFT sales jump 29% to $159.6m, Pudgy Penguins surges 247%

    CryptoPunks Dominate Top Weekly NFT Sales amid Overall Market Sales Volume Surges 34.19% to $133.66 Million

    CryptoPunks Dominate Top Weekly NFT Sales amid Overall Market Sales Volume Surges 34.19% to $133.66 Million

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    Volume Plunges While Transactions Soar

    Snoop Dogg’s Telegram NFT Drop Sold Out in Half an Hour

    Snoop Dogg’s Telegram NFT Drop Sold Out in Half an Hour

    Snoop Dogg’s TON NFT Launch Could Signal New Narrative for NFT Market

    Snoop Dogg’s TON NFT Launch Could Signal New Narrative for NFT Market

  • Gaming
    A $7.8M stealth CryptoPunks acquisition signals renewed whale interest in NFTs amid Ethereum’s rally and a resurgent market.

    A $7.8M stealth CryptoPunks acquisition signals renewed whale interest in NFTs amid Ethereum’s rally and a resurgent market.

    Alchemy Pay and Xterio Partner to Enable NFT Purchases with Fiat and Cards

    GaFin Partners with Play Off The Grid to Deliver Cyberpunk Thrills on Streamify

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    What AI Search Engines Get Wrong About NFTs

    Shadow War Joins Nexus Night to Redefine DeFi

    Shadow War Joins Nexus Night to Redefine DeFi

    OpenSea’s Rally Acquisition Signals a Shift—But Toward What?

    OpenSea’s Rally Acquisition Signals a Shift—But Toward What?

    CARV Joins Anomaly Games to Redefine AI-Led Gaming Interoperability

    CARV Joins Anomaly Games to Redefine AI-Led Gaming Interoperability

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    How Dolce & Gabbana Burned NFT Buyers and Evaded Blame

    GaFin Joins Efforts with Helium Wars to Redefine the Future of Web3 Gaming

    GaFin Joins Efforts with Helium Wars to Redefine the Future of Web3 Gaming

    Crypto games are struggling in 2025, but big brands aren’t giving up

    Crypto games are struggling in 2025, but big brands aren’t giving up

  • Blockchain
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    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

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  • AI
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    ETH Daddy Discusses Ethereum and AI

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    What Is Copy Trading in Crypto? A Beginner’s Guide

    A Step-by-Step Guide for Risk-Takers

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    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    How It Works and What to Watch Out For

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    Crypto Risk Management Strategies for Trading (2025)

    Crypto Risk Management Strategies for Trading (2025)

    What Is Crypto Staking? How to Earn Crypto by Holding It

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    What is Dollar-Cost Averaging (DCA) in Crypto? A Beginner’s Guide

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    What Is Liquid Staking? How It Works & Why It Matters in Crypto

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    A Full Comparison of Layer 2 Solutions

    What are Rollups in Crypto? ZK Rollups and Optimistic Rollups Explained

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

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Home NFT

Industry leaders a16z, OpenSea pledge $6 million to shield NFT artists from legal threats

September 14, 2024
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Industry leaders a16z, OpenSea pledge $6 million to shield NFT artists from legal threats
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The Stand With Crypto Alliance, a Coinbase-backed non-profit organization, is leading efforts to establish the Creator Defense Fund initiative that has raised $6 million from venture capital firm Andreessen Horowitz (a16z) and NFT marketplace OpenSea.

READ ALSO

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Whale snaps up 45 CryptoPunks amid ETH rally

According to a Sept. 13 press release, a16z contributed $1 million to the fund, while OpenSea pledged the remaining $5 million.

The alliance said that legal pressures — like the SEC’s recent Wells Notice to OpenSea — signal that blockchain-based creators will continue to face significant regulatory threats, and the fund aims to help those who need it.

Creator Defense Fund

The fund aims to offer legal support to artists and creators who are facing government actions or navigating regulatory uncertainty, particularly within the crypto space.

Miles Jennings, general counsel at a16z, emphasized that the fund is designed to assist creators who use blockchain to connect with fans, monetize their work, and foster creativity. He explained that the initiative includes partnerships with leading law firms to provide legal consultations for creators.

According to Jennings, NFTs are innovative blockchain-based tools that enable digital property rights over various digital and physical assets. The assets are proof of ownership of anything, including digital art or concert tickets.

He added:

“Blockchain technology will bring artists and fans closer together while also helping artists better monetize their work, ultimately bringing more creativity into the world. The fear of potential legal repercussions should not hold back well-meaning artists from experimenting with new technologies that may better serve their fans and families.”

OpenSea CEO Devin Finzer announced the release of a free open-edition NFT titled “Rising Tides Lift All Boats” on Base to commemorate the fund’s launch and symbolize the industry’s resilience.

See also  Weekly NFT Sales Rise to $108.59 Million, Up 7.59%

Notably, crypto community members have welcomed the move, with Bradley Freeman of Stack saying:

“Creators are the lifeblood of NFTs and the rarest resource in a world of infra and dev tools. If you’re a creator at the bleeding edge of technology, you are extremely valuable and you will be rewarded over the coming years and decades for being early.”

Tags: a16zArtistsindustryLeaderslegalmillionNFTOpenSeapledgeshieldThreats

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Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

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Plume and Alchemy Pay Revolutionize Crypto Investments with New Partnership

Plume and Alchemy Pay Revolutionize Crypto Investments with New Partnership

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Hashrate Approaches Record High as Bitcoin Price Drives Mining Gains

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