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Later that month, OpenSea reimbursed users about $1.8 million after a user interface bug allowed users to buy more than $1 million worth of NFTs at a discount. [17] [18] On January 27, 2022, OpenSea announced it would limit how many NFTs a user could create using the free minting tool. [19] The following day, OpenSea reversed the decision. [20]
On January 27, 2022, OpenSea announced it would limit how many NFTs a user could create using the free minting tool. [1] The following day, OpenSea reversed the decision. [ 2 ] The company stated that its initial decision was based on concern about theft, plagiarism, and spam, [ 1 ] as 80% of the NFTs removed from OpenSea for violations were ...
(Reuters) -The U.S. Securities and Exchange Commission has threatened to sue non-fungible tokens marketplace OpenSea, the company's CEO said in a post on social media platform X on Wednesday.
In January 2022, OpenSea raised $300 million in new series C funding, propelling the company's valuation to $13.3 billion. [13] In January 2022, Forbes estimated the stakes in OpenSea owned by Finzer and his co-founder Alex Atallah to be worth $2.2 billion each, making them the first two non-fungible token billionaires. [ 2 ]
Many marketplaces such as OpenSea value NFTs in Ethereum. So, should there be a decline in the NFT wave, which is tied closely to crypto, it may result in negative consequences for the Ethereum ...
A 24-year-old California man was electrocuted and died while hanging Christmas lights on Thursday, according to officials. Antonio Pascual was hanging Christmas lights the morning of Nov. 21 on a ...
During the height of the breakout success of CryptoKitties and the emergence of ERC-721 tokens in 2017, an NFT marketplace called OpenSea emerged to capitalize off of the new non-fungible token standard. [47] It positioned itself early in the NFT market landscape and grew to a $1.4 billion market cap in 2021 during the then-ongoing NFT boom. [48]
“I don’t think that whatever happened today has anything to do with how she or he or they may have wanted to identify,” he said. “And I wish people would kind of leave their own personal ...