Opensea Makes Changes to Policy, Dividing NFT Community
– Opensea announces it will no longer support NFT transactions on BNB Chain but will still allow users to view and transfer BNB NFTs.
– The decision is based on the need to align resources with more promising efforts and focus on the Ethereum-based NFT market.
– Opensea insists it is still bullish on a multi-chain future, pointing to recent Ethereum Layer 2 integrations.
– However, some users express disappointment over the lack of support for Tezos-based NFTs.
– Opensea also announces changes to its terms of use, no longer enforcing royalty payments on secondary sales.
Opensea Faces Backlash from NFT Creators
– NFT creators respond negatively to the changes, criticizing Opensea’s decisions.
– Yuga Labs’ CEO expresses disappointment in the potential loss of royalties and announces a sunset of support for Opensea’s Seaport marketplace contract.
– Yuga Labs will block new collections from being traded on Opensea and make changes to existing contracts to prevent their listing.
– Yuga Labs has previously blacklisted other NFT marketplaces for failing to enforce royalty payments.
– However, collecting fees from BAYC NFT trades proves challenging due to the nature of the contract.
Hot Take
Opensea’s decision to end support for BNB-based NFTs and no longer enforce royalties on secondary sales has sparked controversy within the NFT community. While the platform aims to focus on the more promising Ethereum-based market, some users express disappointment over the lack of support for other chains like Tezos. NFT creators, including Yuga Labs, lament the potential loss of royalties and have announced actions to block their collections from being traded on Opensea. This move highlights the ongoing challenges in balancing the interests and needs of both creators and users within the NFT ecosystem.
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