announced it was limiting the number of free items users could create, or "mint," using its "Collection Manager" tool to 50 as a way to mitigate misuse. The tool allows people in the marketplace to create and list an NFT without having to pay a "gas price," or the fee that most NFT trading platforms charge to compensate for the computation energy it takes to process transactions.
But in the Twitter statement, OpenSea revealed the initial decision to limit free items was because the company had discovered that 80 per cent of the NFTs created using this tool on its platform are"We're working through a number of solutions to ensure we support our creators while deterring bad actors," the company said. "We commit to previewing these changes with you in advance of rolling them out.
of one of its employees after they used insider knowledge of what items would appear on the front page of the marketplace and purchased those items before they appeared publicly.Over 80% of the items created with this tool were plagiarized works, fake collections, and spam.
Wait, are you saying my ape might not be worth $120,000?
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