OpenSea says 80%+ of NFTs minted for free on its service are plagiarized works, fake collections, and spam, but reverses its decision to limit free NFT creation
OpenSea says over 80% of the NFTs created with its free minting tool are plagiarized works, fake collections & spam. Yet they plan to keep it available without limits because the community, which they concede are 80% bad actors, complained. Incentives matter and theirs suck. http…
Nobody Fucking Thought, huh? It's almost like it was a way for digital independent artists with real art to finally get a new edge of respect and financial independence that's long overdue (for a month) and then it turned into a giant grift~ https://twitter.com/...
This is another example of the startup advantage because there's no way Google, Facebook or Microsoft could say we have a tool that's used 80% of the time for malicious purposes but since we make money from the remaining 20%...🤷♂ ️