Over 80 percent of NFTs minted for free on OpenSea are fake or plagiarized
One of the largest online marketplaces for non-fungible tokens is once again the center of controversy. Mere months after one of its employees resigned for using insider information to profit on NFT drops, OpenSea caused a stir among its users this week when it abruptly announced it was putting a restriction on its free minting tool. The feature allows individuals to create and list an NFT without first paying a “gas price,” the fee that crypto miners charge to write new data to a blockchain.
To all the creators in our community impacted by the 50 item limit we added to our free minting tool, we hear you and we’re sorry.
We have reversed the decision.
But we also want to offer an explanation ↯ pic.twitter.com/Y3igaE1RM2— OpenSea (@opensea) January 27, 2022
On Thursday, OpenSea said it would add a 50 item limit to the tool. Predictably, the announcement wasn’t popular among OpenSea users, and the company quickly reversed course. But in doing so, it provided some context about the feature. In a Twitter thread spotted by Vice News, the company said more than 80 percent of the NFTs recently created through …read more
