OpenSea Withdrew "NFT Creators Can Only Create Up to 5 NFT Series" Decision

TokenInsight news, OpenSea has announced that it is withdrawing its decision to "only allow a single wallet or user to create up to 5 NFT collections". It said the decision was initially made because it recently saw that over 80% of items created using the tool were plagiarized works, fake collections and spam. In addition to withdrawing the decision, OpenSea is working on a variety of solutions to ensure support for creators while discouraging bad actors, and has promised to release a preview program to gather community feedback before launching the new solution.
Source

OpenSea

Related News
Rarible to Stop Aggregating Orders from OpenSea, LooksRare, and X2Y2 Rarible to Stop Aggregating Orders from OpenSea, LooksRare, and X2Y2
Yuga Labs to Stop Support for SeaPort in Opposition to OpenSea's Switch to Optional Royalties Yuga Labs to Stop Support for SeaPort in Opposition to OpenSea's Switch to Optional Royalties
OpenSea Gives Up on Royalty Enforcement, Switches to Optional Royalty on August 31 OpenSea Gives Up on Royalty Enforcement, Switches to Optional Royalty on August 31
OpenSea Launches Peer-to-Peer NFT Swap Feature Deals OpenSea Launches Peer-to-Peer NFT Swap Feature Deals
OpenSea Pro Integrates with sudoswap V2 OpenSea Pro Integrates with sudoswap V2
Latest News More More
9 Hours Ago Terra Classic Community Decides to Stop Minting $USTC in Effort to Re-Peg $USTC to USD
2 Days Ago Despite Decrease in Trading Volume, Multiple CEXs Made Breakthroughs in Bear Market, TokenInsight Report Shows
2 Days Ago Ethereum Core Developers: Holesky Testnet Launch Failed, Cancun Mainnet Activation May Not Occur This Year
2 Days Ago South Koreans Hold Around $98B of Virtual Assets in Overseas Accounts, National Tax Service Finds Out
2 Days Ago Apecoin DAO Passed Proposal to Purchase Yuga Assets with 11M $APE and to Issue $DAM Token
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open