OpenSea
OpenSea reverses limits on minting after community backlash
NFT marketplace OpenSea has backflipped on a controversial decision to limit the number of NFTs and collections creators can mint using its smart contract. The platform previously allowed unlimited collections and items, but changed its policy to only allow five NFT collections with 50 items per collection when using OpenSea’s collection storefront contract. The unexpected announcement from OpenSea’s Twitter Support account, posted on Jan. 27, stated the lower limits came after it had “addressed feedback received about its creator tools.” . A follow-up tweet asked the community to “share how this affects your creative flow.” NFT creators hit back, some arguing that their unfinished collections would now never be completed due to the change, with others noting that they were par...
3LAU Is Giving Away a Singular Copy of a New Song And Its Rights—As an NFT
3LAU is continuing to define the future of NFT technology with an innovative project that will reward one investor with an exclusive song they can personally call their own. The project, titled “WAVEFORM,” is the marquee offering in a collaboration between the Christie’s auction house, NFT platform OpenSea, and 3LAU’s own Royal business venture, which is dedicated to facilitating the tokenization of music on the blockchain. “WAVEFORM” is the title of an original 3LAU track with only one copy in existence. Whomever takes it home at auction will enjoy full mastering and publishing rights to the intellectual property, meaning the owner can choose to distribute, monetize, remix, and even rename the track as they see fit. The NFT also includes a physical...
