The NFT marketplace OpenSea said that more than 80% of non-fungible tokens created with the free-mint option were plagiarised, counterfeit or spam.
However, we’ve recently seen misuse of this feature increase exponentially.
Over 80% of the items created with this tool were plagiarised works, fake collections, and spam.— OpenSea (@opensea) January 27, 2022
The platform added a free NFT minting feature called lazy minting in December 2020. It allowed creators to issue tokens without paying gas upfront.
On January 27, 2022, OpenSea limited issuance to five collections (no more than 50 tokens each) to curb improper use of the feature.
Users began complaining that they could not finish their NFT sets. The restriction lasted a day.
In addition to reversing the decision, we are working on a number of other measures to ensure support for our creators while continuing to curb unscrupulous participants,
wrote OpenSea representatives.
They noted that any rule changes would be discussed with the community before implementation.
In January, users of the marketplace were warned about vulnerabilities in the listing function, which allowed purchasing expensive items at discounted prices. In total, OpenSea paid out 750 ETH to the victims as compensation for losses.
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