Over 80% of NFTs Minted for Free on OpenSea Were Fake or Stolen
OpenSea pulled back on plans to limit the free minting of NFTs, but explains it only added a limit to address mass misuse of the tool.
Source: petapixel.com
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OpenSea NFT Scam: Company Admits to Fake NFTs in Marketplace; NFT Insurance Becomes a Thing
OpenSea NFT scams have been extremely rampant nowadays. With that, NFT insurance has been introduced to protect investors from Fake NFTs.
Source: itechpost.com
OpenSea Reverses Decision to Limit NFTs Created via Its Free Mining Tool
NFT marketplace OpenSea has announced that it will reverse its minting limit, apologising to its creators that it had imposed a 50-item limit to its free minting tool while also posting a lengthy explanation on Twitter as to why the limit was imposed.
Source: ndtv.com