LooksRare Raises Concerns Over OpenSea’s NFT Market Policies

02/20/2023 13:11 • Metaverse Matters • 145 views

It is reported that LooksRare in the NFT market sent a message on social media, saying that he hoped that OpenSea would not be blocked by Operator Filter again. LooksRare claimed that the content of OpenSea’s previous tweets was a little vague. They sought further clarification from OpenSea, but no one has responded so far. Previously, OpenSea announced the launch of the time-limited 0 service fee transaction, and also updated the operator filter to allow NFT markets with the same policy to jointly increase market liquidity, but the statement of LooksRare suggested that OpenSea may not have implemented relevant measures.

LooksRay requires OpenSea to confirm that it will not be masked by Operator Filter

Interpret the above information:

The NFT market has been on the rise lately, with many investors and collectors flocking to the digital space to acquire unique and rare collectibles. However, with the rise in popularity comes concerns over the policies and regulations governing these markets. LooksRare, a notable player in the NFT market, recently sent a message on social media expressing their concern over OpenSea, one of the leading platforms in the industry.

LooksRare specifically mentioned their worry that OpenSea would be blocked by Operator Filter once again, and stated that they found OpenSea’s previous tweets to be vague regarding their policies on market liquidity. They further went on to demand clarification from OpenSea on this issue, but to no avail as of yet.

It is worth noting that OpenSea had previously announced the launch of a time-limited 0 service fee transaction, as well as updates to the operator filter to permit NFT markets with similar policies to jointly increase market liquidity. However, the statement by LooksRare casts some doubt on whether or not these measures have actually been implemented.

This message from LooksRare is significant as it highlights the importance of transparency and clear communication in the rapidly expanding NFT market. With so many new players joining the space, it is crucial for platforms such as OpenSea to be clear and concise in their policies as well as in their communication with their users.

Overall, the concerns raised by LooksRare may prompt OpenSea to revisit their policies and make any necessary adjustments. It also serves as a reminder to the broader NFT market that clear communication and transparent policies are essential to foster trust and continued growth in the industry.

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LooksRare Raises Concerns Over OpenSea’s NFT Market Policies

LooksRay requires OpenSea to confirm that it will not be masked by Operator Filter

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