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OpenSea Reports High Percentage of Plagiarized and Spam NFTs
OpenSea, a prominent NFT marketplace, recently disclosed in a Twitter post that over 80% of the NFTs generated for free on its platform were either plagiarized, fake, or spam. The company pointed out that individuals were misusing the free minting tools provided by the platform to engage in fraudulent activities and create spam content.
Limitations Imposed on NFT Creation
Shortly after announcing that users could now create a maximum of five collections, with each collection containing 50 NFTs using the free feature, OpenSea unveiled the extensive misuse of the minting tools.
The free minting feature introduced by the company in 2020 aimed to incentivize and enable artists with limited resources to participate in the NFT market without incurring upfront gas fees. Nevertheless, there has been a significant rise in the abuse of the platform to produce plagiarized, fake, or spam NFTs.
Community Backlash and Reversal of Limits
In response to the escalating misuse of the minting feature, OpenSea initially imposed restrictions on the number of NFTs that users could create, prompting criticism from the platform’s community. Users expressed frustration over their inability to complete collections or upload new work. Following the negative feedback, OpenSea decided to reverse the limitations.
Addressing the concerns raised by the community, OpenSea emphasized its commitment to creators and clarified that the decision to limit NFT creation was made based on feedback received. The company acknowledged the oversight in communication and pledged to involve the community in future decisions.
Fighting Plagiarism and Fraud in the NFT Space
The prevalence of plagiarism, fake NFTs, and spam poses a significant challenge in the NFT industry, with scammers and bots targeting creators to steal their work. Original artists who have fallen victim to these illicit practices have lamented the lack of adequate support from OpenSea in processing takedown requests.
OpenSea announced via Twitter that it is actively working on implementing measures to safeguard legitimate NFT creators and combat fraudulent activities. The company is focused on enhancing security protocols to deter scammers and protect the intellectual property of artists.
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