{"id":37740,"date":"2024-09-13T20:58:44","date_gmt":"2024-09-13T20:58:44","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/a16z-crypto-opensea-and-stand-with-crypto-launch-creator-defense-fund\/"},"modified":"2024-09-13T20:58:44","modified_gmt":"2024-09-13T20:58:44","slug":"a16z-crypto-opensea-and-stand-with-crypto-launch-creator-defense-fund","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/a16z-crypto-opensea-and-stand-with-crypto-launch-creator-defense-fund\/","title":{"rendered":"a16z Crypto, OpenSea and Stand with Crypto launch creator defense fund"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/02\/1645371230040-0cf6fdb4-d617-478b-82ac-8a8dacd0fcab-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/02\/1645371230040-0cf6fdb4-d617-478b-82ac-8a8dacd0fcab-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/02\/1645371230040-0cf6fdb4-d617-478b-82ac-8a8dacd0fcab-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/02\/1645371230040-0cf6fdb4-d617-478b-82ac-8a8dacd0fcab-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">a16z, OpenSea and Stand With Crypto have launched a $6 million creator defense fund.<\/span><\/li>\n<li><span style=\"font-weight: 400\">OpenSea has pledged $5 million and a16z $1 million.<\/span><\/li>\n<li><span style=\"font-weight: 400\">The fund will support the NFT market, with this coming weeks after SEC issued a Wells Notice against OpenSea.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Venture capital firm Andreessen Horowitz is collaborating with NFT marketplace OpenSea and Coinbase-backed non-profit Stand With Crypto to launch a new fund aimed at legal defense for the crypto creator ecosystem.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On Friday, a16z Crypto, Stand With Crypto and OpenSea announced the launch of Creator Legal Defense Fund, with an initial $6 million funding. The fund targets legal protection for artists and creators, according to details the three platforms shared.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cThis collaboration marks a significant milestone in our mission to empower and protect the voices of artists and creators who rely on blockchain technology,\u201d the firms <a href=\"https:\/\/www.standwithcrypto.org\/creator-defense-fund\" target=\"_blank\" rel=\"noopener\">wrote<\/a>.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">OpenSea pledges $5 million<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Creator Legal Defense Fund\u2019s unveiling comes just two weeks after the US Securities and Exchange Commission (SEC) <a href=\"https:\/\/coinjournal.net\/news\/opensea-gets-wells-notice-from-sec\/\">issued a Wells Notice against OpenSea<\/a> \u2013 a leading NFT marketplace. SEC\u2019s notice indicates the regulator is considering a lawsuit against the platform for securities violations.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Following the SEC\u2019s Wells Notice, OpenSea issued a statement noting that it would \u201cstand up and fight.\u201d Co-founder and CEO Devin Finzer called the regulator\u2019s approach shocking, with OpenSea saying it would dedicate $5 million to a fund aimed at protecting NFT creators.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On Sept. 13, the marketplace, together with a16z and Stand With Crypto unveiled the creator defense fund. a16z noted it would contribute $1 million while OpenSea pledged $5 million. OpenSea CEO commented that the fund will offer legal expertise to both creators and developers.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We\u2019re honored to kick off the Creator Legal Defense Fund alongside <a href=\"https:\/\/twitter.com\/a16zcrypto?ref_src=twsrc%5Etfw\">@a16zcrypto<\/a> and <a href=\"https:\/\/twitter.com\/standwithcrypto?ref_src=twsrc%5Etfw\">@standwithcrypto<\/a>. <\/p>\n<p>Every creator, big or small, should be able to innovate without fear. <a href=\"https:\/\/t.co\/96wPpLTKjF\">https:\/\/t.co\/96wPpLTKjF<\/a><\/p>\n<p>\u2014 OpenSea (@opensea) <a href=\"https:\/\/twitter.com\/opensea\/status\/1834572235467591999?ref_src=twsrc%5Etfw\">September 13, 2024<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">The fund will utilise legal experts from various law firms, including Cooley LLP, Fenwick &amp; West LLP, Goodwin Procter LLP and Latham &amp; Watkins LLP.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">SEC and crypto crackdown<\/span><\/h2>\n<p><span style=\"font-weight: 400\">The SEC continues to attract criticism from across crypto and from US lawmakers over its regulation by enforcement approach to crypto. <\/span><\/p>\n<p><span style=\"font-weight: 400\">On Thursday, the regulator announced <a href=\"https:\/\/coinjournal.net\/news\/etoro-to-cease-crypto-trading-activity-following-sec-settlement\/\">a settlement with eToro<\/a>. It included monetary penalty and a cease and desist order that will see the platform delist all crypto tokens except Bitcoin, Ethereum and Bitcoin Cash.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/a16z-crypto-opensea-and-stand-with-crypto-launch-creator-defense-fund\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) a16z, OpenSea and Stand With Crypto have launched a $6 million creator defense fund. OpenSea has pledged $5 million and a16z $1 million. The fund will support the NFT market, with this coming weeks after SEC issued a Wells Notice against [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":37741,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/37740"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=37740"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/37740\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/37741"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=37740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=37740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=37740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}