Wu learned that Devin Finzer, the founder of OpenSea, stated in a post that they received a Wells notice from the U.S. Securities and Exchange Commission (SEC), as the SEC considers the NFTs on the platform to be securities and threatened to sue them. OpenSea expressed shock at this and believes that this action will have a wide impact on creators and artists. In response to this situation, OpenSea pledged to allocate 5 million dollars to help NFT creators and developers who received Wells notices pay legal fees, emphasizing their commitment to continue fighting for the industry.