For cryptocurrency to achieve mass adoption, breaches that can be easily prevented — like the phishing attack that resulted in OpenSea losing $1.7 million — need to end. In February 2022, OpenSea fell prey to a major phishing attack that resulted in over $1.7 million in nonfungible tokens (NFTs) being stolen from users. It wasn’t the only incident: Blockchain…
Leading NFT marketplace OpenSea is actively delisting Cuban artists and users to comply with US sanctions, Artnet News reported. While most blockchain technology is decentralized, large centralized platforms comply with international sanctions. The news came after the Twitter account of NFTcuba.ART shared a screenshot of an email explaining that an account had been “disabled due…
BNB Chain, the world’s largest smart contract blockchain in terms of daily active users, said its NFTs will be available for sale on the OpenSea core marketplace. The integration with OpenSea will enable BNB Chain support for NFT creators. BNB Chain will be launched on OpenSea’s Seaport Protocol by the end of the year, allowing…
OpenSea revises its NFT rarity ranking protocol OpenRarity, launched on Sept. 21, after community controversial feedback. Some community members argued that the new rarity ranking protocol disrupts the market-driven rarity structure for some NFT collections. Meanwhile, CoinShares launch its own experimental AI bot to determine a fair price for some NFTs; however, some users appear…
According to a TechCrunch report, OpenSea, the largest NFT marketplace, is starting to support Avalanche. The platform will now allow creators to mint, list, and trade NFTs on the Avalanche layer 1 network. Avalanche, which is well-known as a DeFi chain and often mentioned as a challenger to Ethereum, is making its steps in the…
OpenSea, the world’s biggest NFT marketplace, has officially announced OpenRarity, a new NFT rarity protocol for the NFT community, elaborated together with Web3 analytics experts Icy.tools, Curio Tools, and PROOF, to provide a new standard of NFT ranking methods. OpenRarity will be launched next week. Nowadays, there are several high-profile NFT rarity platforms, and each…
