OpenSea’s Policy on NFT Market Liquidity

02/20/2023 13:11 • Digital Disruptors • 86 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

Analysis based on this information:

The NFT market has seen unprecedented growth in recent times, with many new platforms coming up. One of the most popular platforms in the NFT market is OpenSea. However, it seems that not everyone is happy with their latest policies. LooksRare, one of the NFT market participants, has expressed dissatisfaction with OpenSea’s recent tweets regarding its policies on market liquidity.

LooksRare sent a message on social media, expressing hope that OpenSea would not be blocked by Operator Filter again. Operator Filter is a feature used by OpenSea to ensure that NFT markets with similar policies can jointly increase market liquidity. LooksRare claimed that the content of OpenSea’s previous tweets was a little vague, which made it difficult to understand the measures that had been implemented by OpenSea to increase market liquidity.

Further clarification was sought from OpenSea, but seems that no one has responded so far. This raises the issue of transparency in the NFT market, as participants need to have clarity on the policies that govern their market activity. The NFT market is still in its nascent stages, and participants need to know that they can trust the platforms they use.

Previously, OpenSea had announced the launch of a time-limited zero service fee transaction, which was aimed at increasing market liquidity. OpenSea also updated the operator filter to facilitate collaborations amongst NFT markets with similar policies. However, LooksRare’s statement suggests that OpenSea may not have implemented these measures effectively.

In conclusion, market liquidity is of utmost importance in the NFT market. OpenSea’s policies on market liquidity are critical in ensuring that the market remains dynamic and profitable for all participants. However, the lack of communication from OpenSea regarding the measures they have put in place has caused some concern amongst participants. OpenSea needs to ensure that its policies are transparent and accessible to all market participants to foster trust and collaboration in the NFT market.

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OpenSea’s Policy on NFT Market Liquidity

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

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