OpenSea, a leading NFT marketplace, has faced significant backlash after deciding to axe royalty enforcements on secondary sales.
The collection, titled Archive of PEACEMINUSONE, showcases intimate details of G-Dragon’s life and personal evolution.
The drop in volume is likely due to the falling prices of most crypto assets and the loss of faith in exchanges because of FTX.
Sold out in 77 seconds, the collection consists of 1,000 digital sneakers that highlight the legend’s career. 1 NFT holder can win a VIP visit with Pippen.
However, there is resilience when it comes to unique buyers of NFT – a slight increase in the number of unique buyers in Q3 2022.
OpenSea will also use “critical auto-detection” technologies to address copyright concerns and other fraud vectors.
Chastain purchased NFTs shortly before they featured on OpenSea’s homepage, sometimes only a matter of minutes before.
The initiative was set to give Solana NFTs, although still incomparable to the huge market for Ethereum collectibles, a hefty boost.
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Regrettably, the initial report of 32 affected users were later reconfirmed to 17; 15 of the initial count had interacted with the attacker but not lost tokens as a result.