{"id":444957,"date":"2023-10-03T16:45:01","date_gmt":"2023-10-03T16:45:01","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=444957"},"modified":"2023-10-03T16:45:01","modified_gmt":"2023-10-03T16:45:01","slug":"opensea-reportedly-shadow-bans-cryptoreapers-nfts-whats-happening","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/opensea-reportedly-shadow-bans-cryptoreapers-nfts-whats-happening","title":{"rendered":"OpenSea Reportedly Shadow-Bans CryptoReapers NFTs \u2013 What\u2019s Happening?"},"content":{"rendered":"<p>OpenSea, one of the world&rsquo;s largest web3 marketplaces for non-fungible tokens, has reportedly started clamping down on some NFT collections that are least traded from its NFT market platform. The shadow banning of NFTs appears just a few days after a recent study suggested that 95% of NFT collections are worthless.<\/p>\n<h2>OpenSea Starts Shadow-Banning Less Interactive NFTs<\/h2>\n<p>In an October 03 blog post, Benie, a renowned crypto user and NFT influencer, shared that it appears an NFT collection, &ldquo;CryptoReaper,&rdquo; is now shadow-banned on the OpenSea NFT market platform. In this article, we shall dig in-depth to discover what is happening.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">OpenSea shadowbanning collections that don&rsquo;t fit its narrative. This is typically smaller indie artists that it thinks aren&rsquo;t commercial enough.<\/p>\n<p>Meanwhile big corps and connected wagmi individuals get instant verified status with a slick home page feature.<\/p>\n<p>This is not the way&#128078; <a href=\"https:\/\/t.co\/8SavUzLDqk\">pic.twitter.com\/8SavUzLDqk<\/a><\/p>\n<p>&mdash; Beanie (@beaniemaxi) <a href=\"https:\/\/twitter.com\/beaniemaxi\/status\/1709179239369482628?ref_src=twsrc%5Etfw\">October 3, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Launched in 2021, CryptoReapers is an NFT collection featuring a limited edition of 320 digital items hosted on the Ethereum network. Since its inception, the NFT collection has made 134 sales, amassing a trading sales volume of 2.335 ETH or just $3,887.<\/p>\n<p>CryptoReaper&rsquo;s relatively lower sales and lack of interactiveness have made the OpenSea NFT market platform think they aren&rsquo;t commercial enough. Meanwhile, big NFT projects and connected Wagmi individuals or artists continue getting instant verified status with a slick home page feature.<\/p>\n<h2>OpenSea Keeps On Suffering Bad Reputation<\/h2>\n<p>OpenSea NFT marketplace&rsquo;s bearish move has made it suffer yet another bad reputation, with many crypto community members citing that I would embrace empowering creators rather than dumping them. Expressing his disgruntlement, Bennie remarked:<\/p>\n<blockquote><p><em>&ldquo;This is typically smaller indie artists that it thinks aren&rsquo;t commercial enough. This is not the right way.&rdquo;<\/em><\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Opensea locked my collection. They also removed my erc-20 with no explanation and oh&hellip;.<\/p>\n<p>I&rsquo;ve sold well over $3M in NFTs, have had my project deranked from trending and also still don&rsquo;t have a blue check.<\/p>\n<p>Cancel culture sucks. Being cancelled for selling too much art sucks even&hellip;<\/p>\n<p>&mdash; TAYLOR.WTF (@TAYL0RWTF) <a href=\"https:\/\/twitter.com\/TAYL0RWTF\/status\/1709203024475025913?ref_src=twsrc%5Etfw\">October 3, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In August, the NFT marketplace OpenSea announced shifting from the mandatory creators&rsquo; fees enforcement to optional creator fees. Their recent policy change meant that NFT collectors and sellers could choose whether to contribute back to the original artists through royalty payments.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We launched our Operator Filter so creators could restrict secondary sales to web3 marketplaces that enforce creator fees.<\/p>\n<p>But we relied on opt-in by the entire ecosystem, which didn't happen. So we&rsquo;re making a few changes to our approach to creator fees. &#129525;&#11015;&#65039;<\/p>\n<p>&mdash; OpenSea (@opensea) <a href=\"https:\/\/twitter.com\/opensea\/status\/1692224333551186379?ref_src=twsrc%5Etfw\">August 17, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>At the time, Opensea&rsquo;s bearish move attracted a heated debate about the fundamental principles of compensation and ownership within the nascent NFT ecosystem. The action caused OpenSea to suffer a bad reputation, with top NFT projects like Bored Ape Yacht Club creator and Rarible threatening to withdraw their support.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">On <a href=\"https:\/\/twitter.com\/opensea?ref_src=twsrc%5Etfw\">@opensea<\/a>'s decision to sunset their Operator Filter. <a href=\"https:\/\/t.co\/ahc155WWkX\">pic.twitter.com\/ahc155WWkX<\/a><\/p>\n<p>&mdash; Yuga Labs (@yugalabs) <a href=\"https:\/\/twitter.com\/yugalabs\/status\/1692627502999691453?ref_src=twsrc%5Etfw\">August 18, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h3>Related NFT News:<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/solana-based-nfts-start-the-new-month-up-15-heres-what-driving-its-growth\">Solana-Based NFTs Start The New Month Up 15% &ndash; Here&rsquo;s What Driving Its Growth<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/ben-armstrong-announces-plans-to-sell-his-bored-ape-nft-faces-criticism\">Ben Armstrong Announces Plans To Sell His Bored Ape NFT &ndash; Faces Criticism<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/nft-sales-fell-33-in-september-will-october-bring-back-an-upward-trend\">NFT Sales Fell 33% In September &ndash; Will October Bring Back An Upward Trend?<\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Newest Meme Coin ICO - Wall Street Pepe<\/p>\n                                  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class=\"fin-excerpt\">OpenSea, one of the world&#8217;s largest web3 marketplaces for non-fungible tokens, has reportedly started clamping down on some NFT collections that are least traded from <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1882,"featured_media":444963,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-444957","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>OpenSea Reportedly Shadow-Bans CryptoReapers NFTs \u2013 What\u2019s 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