- OpenSea has introduced a three-hour hold period to identify fraudulent transactions.
- Despite challenges by emerging platforms, OpenSea continued its dominance in the sector.
ОпенСеа, највећа на свету Незаменљиви токен [НФТ] marketplace, has taken steps to safeguard users from hacking incidents on its platform. In a Twitter post on 2 February, OpenSea увео a grace period wherein sellers will be prevented from accepting offers for three hours after a supposed sale.
Introducing OpenSea’s 3hr Hold Period
To mitigate theft-related risk, sellers will be prevented from accepting offers on certain items for 3 hours after some transfers and sales. But don’t worry–with @DelegateCash, hot<>cold wallet transfers won’t be affected@nanzbonanz📽🧵 pic.twitter.com/zjKYP7oXK4
- ОпенСеа (@опенсеа) 2. фебруара 2023. године
OpenSea stated that the extra time would help the community detect fraudulent activity and ascertain the authenticity of the transferred items.
Befouled past
OpenSea has faced serious concerns over the platform’s security in the past. In February 2022, it was at the center of one of the biggest exploits in the NFT ecosystem. During the exploit, $1.7 million worth of NFTs were stolen from users’ wallets
Генерални директор ОпенСеа Девин Финзер признао the breach and stated that users fell victim to a phishing attack where they were deceived into signing a fake contract.
Још једно ажурирање: у последњих неколико сати разговарали смо са десетинама људи, тимова и пројеката широм НФТ простора. https://t.co/fB5r3cMA1r
- Девин Финзер (дфинзер.етх) (@дфинзер) 20. фебруара 2022. године
In less than three months, the marketplace was hit by још један hack when its discord channel was compromised. The hackers posted a fake YouTube collaboration news that included a link to a phishing site.
Не кликајте на линкове у нашем Дисцорд-у.
Настављамо да истражујемо ову ситуацију и делићемо информације онако како их имамо. https://t.co/jgtHcXifer
— ОпенСеа подршка (@опенсеа_суппорт) Може 6, 2022
OpenSea dominance on trading front continues
OpenSea started its 2023 on a pleasant note with appreciable growth in key performance indicators, per data from Token Terminal. NFT trading volume on the platform shot by 64% over the last 30 days while the investors mopped up revenue gains of over 40% in the same period.
The growth in royalties paid to the creators was impressive, which could entice more enthusiasts to come onto the platform and mint their NFTs. The metric almost doubled in the last one month.
More competition in the days to come?
While it’s an established fact that OpenSea is the biggest and most popular platform in the NFT marketplace ecosystem, it has seen its share of pie reduced by another emerging platform, Зељко Јоксимовиц.
Moreover, data from Dune Analytics открила that OpenSea accounted for 45% of the total volume across all NFT marketplaces. On the other hand, the three-month-old Blur marketplace occupied 37%.
Source: https://ambcrypto.com/how-will-opensea-safeguard-the-nft-community-after-a-tainted-2022/