OpenSea reverses limits on minting after community backlash

NFT marketplace OpenSea has backflipped connected a arguable determination to bounds the fig of NFTs and collections creators tin mint utilizing its astute contract.

The level antecedently allowed unlimited collections and items, but changed its argumentation to lone let 5 NFT collections with 50 items per postulation erstwhile utilizing OpenSea’s postulation storefront contract.

The unexpected announcement from OpenSea’s Twitter Support account, posted connected Jan. 27, stated the little limits came aft it had "addressed feedback received astir its creator tools." .

A follow-up tweet asked the assemblage to “share however this affects your originative flow.”

NFT creators deed back, immoderate arguing that their unfinished collections would present ne'er beryllium completed owed to the change, with others noting that they were part-way done creating collections numbering successful the hundreds to thousands.

One creator, who goes by “HamsterNFT” connected Twitter, shared a screenshot showing however they couldn’t upload immoderate much of their NFTs, stating their vexation that they’re present stuck astatine 96 pieces retired of the 100 portion collection.

Well… For instance, I committed myself to a 100 portion collection. I’m presently astatine 96 retired of the 100… And present I’m stuck with this connection and I can’t implicit it. Ever. Thanks! pic.twitter.com/DdLRNpiucI

Creators could inactive deploy their ain astute declaration to circumvent the limits imposed by OpenSea, but with astute declaration deployment costing betwixt US$1,000 and US$2,000 successful state fees, some stated they volition determination their collections to competing marketplaces.

OpenSea reversed the determination today, tweeting their apologies for not previewing the determination with its community. It stated the crushed for the limits was that its astute declaration was being misused, and that “over 80% of the items created with this instrumentality were plagiarized works, fake collections, and spam.” OpenSea added that it's “working done a fig of solutions to guarantee we enactment our creators portion deterring atrocious actors.”

In a abstracted controversy, an email was sent to OpenSea users who inactive had “inactive listings” connected their accounts, asking them to cancel immoderate aged listings owed to a recently recovered exploit that allows attackers to bargain NFTs for aged listing prices.

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Prominent crypto influencer “dingalingts” successful a thread, warned his 75,000+ followers, that pursuing the proposal successful OpenSea’s email would pb to easier execution of the exploit, labeling the proposal from OpenSea “incredibly irresponsible” and “makes things 100x worse”.

Dingalingts argues that pursuing OpenSea’s proposal allows exploiters to presumption the cancellation bid for antecedently listed prices connected the blockchain, attackers tin past wage higher state fees to person their bid executed earlier the cancellation successful a signifier known arsenic “front-running”, frankincense buying the NFT for a cheaper price.

To forestall this, dingalingts advises to “transfer each the NFTs with "inactive Opensea listings" OUT of your code archetypal earlier canceling the unrecorded listings successful your archetypal address.”

“Only aft each the listings are canceled are you harmless to transportation it back,” they said.

However OpenSea claims to person addressed these issues by changing the default listing duration from six months to 1 month, gathering a dashboard to amusement users their listings, and alerting them erstwhile an NFT transferred from their wallet has an associated progressive listing.

The changes were made truthful users could much easy presumption and beryllium alerted to listings associated with their NFTs, successful an effort to bounds the fig of listings that stay progressive agelong aft they’re relevant.

Cointelegraph approached OpenSea for comment.