Users are concerned about the impact of OpenSea on the market

Twitter users have recently started a controversy regarding changes by the administration of the main platform for the sale of OpenSea NFT tokens. The rules regarding royalties have been going through various changes recently, and eventually OpenSea decided to continue charging authors for their collections.

OpenSea has started analyzing various accounts and is shutting down some users in a very unfair way. This was reported by one of the guests of the NFT trading platform. A person hiding under the pseudonym nirozin spoke about disabling all of his wallets in OpenSea.

It is noteworthy that this is not an ordinary user who simply has his own account on the NFT platform, but one of those few people who managed to overcome the mark of $1,000,000 in trades. He also revealed that he had thousands of NFT items on multiple wallets.

After nirozin decided to ask why this happened and what can be done about it, he sent an e-mail to customer support, to which he received an uninviting response. The support team said that the customer violated some terms of service. What exactly is not clear. When he asked for an explanation, OpenSea offered no explanation. Nirozin is one of the few that has been difficult to validate.

Some community representatives believe that such moments may not be random at all, and the OpenSea administration manually removes the request confirmation button.

Users are concerned about another important issue. OpenSea announced recently that they will be transferring ownership of a list of Ethereum marketplaces that have been blocked for failing to meet author fees. How exactly this will affect the future services of the NFT platform is not yet clear.

Author fees are the responsibility of the Creator Ownership Research Institute (CORI), which oversees the process across platforms such as OpenSea, Nifty Gateway, Zora, Manifold, SuperRare, and Foundation. CORI can also add royalties to NFT collection authors in contracts that did not originally support this feature. This could, in theory, help raise funds from authors.

Users did not like such a strict regulation of deductions, and some of them compare it to a cartel. The guests believe that the authors themselves should directly influence the NFT token market, and not trading platforms with their monopoly inclinations, and the struggle for a share in the NFT market really resembles a showdown of drug cartels in Mexico. OpenSea, in turn, claims that in this way they protect the interests of the authors of the works and want them to be left without their remuneration.

At the moment, this platform remains the main leader in the market of non-fungible tokens circulating on the Ethereum blockchain. Recently, the creators of OpenSea reported that in 2022 they managed to earn more than $1,000,000,000 only through authors and secondary sales of NFT items. Income from sponsorships, incentives or grants was not taken into account.