One of the largest online markets for irreplaceable tokens is once again at the center of controversy. Just a few months after one of his employees for to profit from the crashes of NFT, OpenSea caused a stir among its users this week when it suddenly announced it was putting a limit on its free forging tool. This feature allows individuals to create and specify NFTs without prepayment. “”, A fee that crypto miners charge for writing new data to the blockchain.
, OpenSea said it would add a limit of 50 items to the tool. As expected, the announcement was not popular among OpenSea users, and the company quickly reversed course. But in doing so he provided some context about the feature. IN noticed the company said more than 80 percent of NFTs recently created through its free forging tool included either plagiarized work or spam.
That’s a staggering figure, but it should come as no surprise. Artists and photographers have that the company has not done enough to prevent fraudsters and bots from profiting from their work. In fact, there is a whole dedicated to documenting NFT theft.
“Every decision we make is made with our creators in mind. We originally built our joint shop window contract to make it easier for creators to enter the space,” OpenSea tweeted. “We did not make this decision lightly. We made a change to respond to the feedback we received from our entire community. ”
OpenSea added that it is working on several “solutions” that it hopes will reassure users and deter bad actors. In the future, the company has promised to review these changes before introducing them more widely.
All products recommended by Engadget are selected by our editorial team, regardless of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn a commission for the partners.