OpenSea is the biggest online marketplace that allows people to easily create, sell and buy NFTs.
"We've been looking at market manipulation, wash trading and plagiarism and then your run-of-the-mill phishing scam, which is also something that has been coming into the NFT space," Kim Grauer, director of research at Chainalysis, told CNBC."So, we do see that kind of connection with scamming in the overall market activity."
In an email to CNBC, an OpenSea spokesperson said:"We prioritize the trust and safety of all people on OpenSea, and are working hard to make sure that creators, buyers, and sellers alike feel supported by our policies, tools, and service." Competition in the NFT space has also been heating up as regulators pay more attention to the crypto industry. So what's next for the world's largest NFT marketplace? Watch the video above to learn more about the rise of OpenSea and what it could mean for the growing NFT industry.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon CEO: Crypto Will Become Bigger, NFTs Will Grow 'Very Significantly' – Featured Bitcoin NewsThe CEO of e-commerce giant Amazon is optimistic about crypto and non-fungible tokens (NFTs). He says that over time crypto will 'become bigger' and NFTs will continue to 'grow very significantly.'
Read more »
Japan's Top Messaging App LINE Launches Marketplace With 40,000 NFTs – Featured Bitcoin NewsJapan’s top social network and messaging app, LINE, has launched a marketplace for non-fungible tokens (NFTs). crypto cryptocurrency
Read more »
Amazon CEO Andy Jassy says Amazon could sell NFTs in the futureJassy adds that he doesn’t own bitcoin or NFTs, and doesn’t think Amazon is close to adding crypto payment options in the future.
Read more »
Researchers find security flaw in Rarible: Users could have lost all their NFTsCheck Point Research found a security issue on Rarible. Malicious actors could send users a dubious link to an NFT that executes JavaScript code that “attempts to send a setApprovalForAll request to the victim.”
Read more »
Texas, Alabama Securities Regulators Block Sales of ‘Metaverse’ Casino NFTsCyprus-based Sand Vegas Casino Club, not to be confused with Sheldon Adelson’s Las Vegas Sands, has been ordered by in two U.S. states to stop selling NFTs that promise a cut of profits from casinos on Metaverse platforms. thesamreynolds reports.
Read more »
Punk6529 unveils Metaverse museum district: ‘Most high-end art NFTs ever’The OM metaverse platform’s creator noted that “I do not want your ETH, I want your input on how to design OM. I collect in public, I invest in public and we are going to build OM in public together.”
Read more »