Cuban NFT artist blocked from Opensea to comply with sanctions
OpenSea, the world’s largest marketplace for NFT, said that it’s banning digital artists from all countries sanctioned by the United States. OpenSea, a nonfungible token (NFT) platform, has been prohibiting artists and collectors from Cuba, primarily due to US sanctions.30 artists and collectors have reportedly been barred from the well-known NFT marketplace up until this […]
OpenSea users face NFT private auction scam
Phishing sites are making the private auction feature look like a way to log in, luring victims to give up their NFT unknowingly. As nonfungible tokens (NFT) gained popularity, bad actors who frequently attempt to take advantage of individuals within the ecosystem have increased in activity. Currently, NFT holders are at risk due to a […]
Magic Eden follows OpenSea with NFT royalty enforcement tool
Magic Eden, a Solana-based nonfungible token marketplace, has released a tool allowing creators to enforce royalties on their collections. It comes after competitor NFT marketplace OpenSea revealed a comparable feature at the beginning of November. The Open Creator Protocol is the name of the open-source tool for enforcing royalties, which is built on top of […]
OpenSea to enforce creator royalties on all NFT collections
In response to creators’ uproar, OpenSea non-fungible tokens marketplace has declared that it will continue to impose creator royalties across all NFT collections moving forward. OpenSea announced on November 7 that they would be developing an on-chain tool that would allow producers to enforce royalties for new collections on the platform, but did not offer […]
OpenSea releases “on-chain” mechanism to impose NFT royalties
The CEO of OpenSea announced the debut of a new tool in the marketplace that will enable authors to deliver “on-chain enforcement” of their royalties. OpenSea, a nonfungible (NFT) marketplace, appears to have weighed in on the issue of NFT royalties by introducing a new “on-chain” tool to assist producers in enforcing royalties. While other […]