Thursday, September 28, 2023
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OpenSea disables features temporarily as contract migration completes

The one-week period that OpenSea allowed users to migrate their non-fungible token (NFT) list ended on Friday.After the deadline, the platform publication Due to the migration, some features of the site may be temporarily unavailable.

On Saturday, OpenSea pushed a new smart contract, Prompted users to start the migration Of their NFT list from old contracts to new contracts. NFT Marketplace Mention The upgrade will bring new features such as bulk lists and more descriptive signatures, while ensuring that all inactive lists will expire.

However, a few hours after the announcement, the platform Reported phishing attacks Some users will lose NFTs. After this, the OpenSea team began an investigation to find out what had happened. Devin Finzer, co-founder of OpenSea, Prompted Affected users should contact the support team.

NFT platform Mintable I promised to return the NFT It was stolen in a recent OpenSea phishing exploit. The team noticed that some of the lost NFTs are listed in another marketplace called LooksRare. According to Mintable founder Zach Burks, Mintable has decided to buy an NFT and return it to its original owner.

On Friday, the contract migration was completed and the platform notified users that the active list on the website may not be displayed and the minimum price may be different. However, according to the platform, this is only temporary. To protect your listings, OpenSea has temporarily disabled bids and purchases until the migration is complete.

Related: Nifty News: Collectors spend $ 488,000 on casting Tabby Cats, NFT vending machines

Meanwhile, the blockchain community I’ve been wary of NFTs.. Allegations of NFT scams that appear to target $ 20 million worth of digital assets have been thwarted by YouTuber Coffeezilla and community members. An anonymous user has published a detailed report revealing existing claims against team members suspected of NFT fraud.