Decentralized NFT marketplace OpenSea addressed its policy regarding the sale of stolen items on its platform.
What Happened: In a series of tweets on Thursday, OpenSea said it plans to incorporate user input in preventing the sale of stolen NFT.
2/ Our policy is designed to keep our community safe, but we know in some cases its side effects have damaged your trust in our platform. We’ve failed to proactively and transparently communicate the rationale behind our approach.
— OpenSea (@opensea) August 10, 2022
“So why do we have this policy? It is against US law to knowingly allow the sale and transfer of stolen items. We do not want to incentivize theft by allowing our platform to be used to help sell stolen items,” stated OpenSea.
“In some cases, the purchaser who unknowingly bought a stolen item (at no fault of their own) was inadvertently penalized. This is one of the most difficult …
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