One of the largest online marketplaces for non-fungible tokens is once again at the center of controversy. Just a few months later one of its employees because the To profit from the NFT drop, OpenSea caused quite a stir among its users this week when it abruptly announced that it was introducing a restriction on its free miner. This feature allows individuals to create and list an NFT without paying upfront.”,” the fee that cryptocurrency miners charge to write new data to a blockchain.
To all the creators in our community affected by the 50-item limit we’ve added to our free minter, we know you and we’re sorry.
We have reversed the decision.
But we also want to give an explanation pic.twitter.com/Y3igaE1RM2– OpenSea (@opensea) January 27, 2022
, OpenSea says it will add a 50-item limit to the tool. Predictably, the announcement was not popular with OpenSea users, and the company quickly reversed course. But in doing so, it provided some feature context. In one Discovered , the company says more than 80% of NFTs recently generated through free minting involve plagiarism or spam work.
That’s a staggering number, but one that shouldn’t be surprising. Artists and photographers have that the company has not done enough to prevent scammers and bots from profiting from their work. In fact, there is a whole dedicated to recording NFT thefts.
OpenSea said on Twitter: “Every decision we make, we take the creators in mind. “We didn’t take this decision lightly. We made the change to address it. the feedback we get from our entire community.”
OpenSea adds that it is working on a number of “solutions” that it hopes will appease users while keeping the bad guys out. Going forward, the company promises to preview those changes before rolling them out widely.
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