OpenSea, the second largest NFT trading platform, announced that it will stop enforcing mandatory artist fees — a feature that drew many to the space.
Federal prosecutors say the conviction marks the first insider trading case involving NFTs.
It’s the latest in a rocky year of scams, plagiarism, and poor customer service on the platform, but NFT enthusiasts say they can survive the bear market.
“Perhaps you might want to make it permanently digital,” said a specialist at Webb’s.
Artists have taken to social media to denounce what they see as OpenSea’s slow and inadequate responses to takedown requests.