OpenSea smart contract upgrade to delist inactive NFTs on Ethereum

OpenSea, 1 of the astir fashionable nonfungible token (NFT) marketplace, has rolled retired an upgrade to its astute contract, a proactive measurement to weed retired inactive listings connected the platform.

As a portion of the planned upgrade, each OpenSea users volition request to migrate their NFT listings — presently hosted implicit the Ethereum (ETH) blockchain — to the caller astute contract.

The caller declaration is live! Start migrating your listings now: https://t.co/W1w9ciCK2D

— OpenSea (@opensea) February 18, 2022

According to the OpenSea announcement, the NFT listings created earlier Feb. 18 volition automatically expire wrong a week by Feb. 25 by 2 PM ET:

“This caller upgrade volition guarantee old, inactive listings connected Ethereum securely expire and let america to connection caller information features successful the future.”

Upon palmy migration, the NFT listing volition amusement the archetypal day of posting. However, erstwhile the deadline is crossed, users volition beryllium allowed to relist the delisted NFTs implicit the caller astute contract.

During this phase, OpenSea volition not complaint state fees for NFT migration but will invalidate the aged Ethereum-based astute contract, efficaciously expiring the aged offers:

“During this migration period, aged offers connected items volition expire, and offers made connected the aged astute declaration volition go invalid.”

Migrating the NFT listing is simply a two-step process. First, the idiosyncratic needs to navigate to OpenSea and click connected the ‘Migrate listings’ option.

OpenSea main illustration page. Source: OpenSea

For the adjacent step, the idiosyncratic volition request to click connected the ‘Confirm’ fastener made disposable adjacent to each listing, arsenic shown below.

Navigating to OpenSea's NFT migration. Source: OpenSea

A notification volition corroborate the migration and users volition beryllium capable to presumption the listing with a caller expiration date.

OpenSea updated listing. Source: OpenSea

Related: An Indonesian 22-year-old makes $1M by selling NFT selfies connected OpenSea

OpenSea made astir of the early-bird vantage successful the NFT abstraction to go the largest marketplace for NFT trades.

Reaffirming the technology’s disruptive fiscal potential, an Indonesian assemblage pupil named Sultan Gustaf Al Ghozali became a millionaire by selling NFT versions of his selfies connected OpenSea.

Uploading my photograph into nft lolhttps://t.co/E3Q4sBmN26#NFT #opensea pic.twitter.com/rD51rdcpzp

— Ghozali (@Ghozali_Ghozalu) January 10, 2022

As Cointelegraph antecedently reported, Ghozali took selfies, either sitting oregon lasting successful beforehand of his computer, which was aboriginal converted into NFTs and uploaded to OpenSea successful December 2021. Ghozali’s postulation subsequently reached a full commercialized measurement of 317 ETH, equivalent to much than $1 million.