OpenSea's critics same the about-face smothered NFT creators by trashing the flexibility to make unlimited collections and NFTs on the platform.
NFT marketplace OpenSea has backflipped on a contentious call to limit the amount of NFTs and collections creators will mint using its sensible contract.
The platform previously allowed unlimited collections and things, however modified its policy to solely enable 5 NFT previouslys with 50 things per assortment once victimisation OpenSea’s collection shopfront contract.
The sudden announcement from OpenSea’s Twitter Support account, announce on January. 27, expressed the lower limits came once it had "addressed feedback received concerning its creator tools." .
A follow-up tweet asked the community to “share however this affects your artistic flow.”
NFT creators hit back, some disceptation that their unfinished collections would currently ne'er be completed because of the amendment, with others noting that they were part-way through making collections enumeration within the tons of to thousands.
One creator, WHO goes by “HamsterNFT” on Twitter, shared a screenshot showing however they couldn’t transfer any longer of their NFTs, stating their frustration that they’re currently stuck at ninety six items out of the a hundred piece assortmen
Creators might still deploy their own sensible contract to avoid the boundaries obligatory by OpenSea, however with sensible contract preparation cost accounting between US$1,000 and US$2,000 in gas fees, some declared they'll move their collections to competitory marketplaces.
OpenSea reversed the choice nowadays, tweeting their apologies for not previewing the choice with its community. It declared the explanation for the boundaries was that its sensible contract was being used, which “over 80% of the things created with this tool were plagiarised works, faux collections, and spam.” OpenSea additional that it's “working through variety of solutions to make sure we have a tendency to support our creators whereas deterring unhealthy actors.”
In a separate conflict, an email was sent to OpenSea users who still had “inactive listings” on their accounts, asking them to cancel anyhold listings because of a recently found exploit that enables attackers to shop for NFTs for old listing costs.
( Brian Quarmby, Cointelegraph, 2022)