NFT marketplace OpenSea always seems to struggle with whatever problems its Web3 scene faces. As we have reported in the past, this includes rampant theft, with the artist and his NFT owner alike finding their work for sale on the platform without permission. Now OpenSea is changing its policy when dealing with such thefts, which only makes life more difficult for victims.
Anyone who reports that their creations or tokens have been stolen and sold on OpenSea should file a police report to have it removed from the site. This is done to prevent obvious “false reports” and to avoid punishing anyone who accidentally buys her stolen NFT.
“We are expanding the way we use police reports,” read OpenSea’s Twitter thread, explaining the policy change. “We have always used them for escalated disputes, and now they will be used to verify all theft reports.
“For all future reports, we will re-enable buying and selling of reported items if we do not receive a police report within 7 days. This change will help prevent false reports.”
Yes, this new policy requires NFT owners to call the police if their monkey JPEGs are stolen. How police around the world respond to such calls, or how OpenSea hopes to monitor this, remains to be seen given the vastly different systems in place in different countries. I can’t.
Unsurprisingly, the move divided opinion. Some laugh at the idea of the Crypto Brothers calling the police to report the NFT stolen. and is frustrated that so many NFTs were locked due to theft reports. doing. However, I think it is also effective to make reporting difficult in the first place.
The policy is now in effect and you may see more NFTs available for purchase on the site.Don’t be surprised if you get an angry DM from the original owner.
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