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OpenSea disables features temporarily as contract migration completes

The week-long period that OpenSea gave users to migrate their nonfungible token (NFT) listings ends today. Following the deadline, the platform announced that some features on the site may not be available temporarily due to the migration.On Feb. 19, OpenSea pushed a new smart contract and urged users to start

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NFT projects thrive even as OpenSea trading volumes take a hit

Despite a number of attempted vampire attacks, nonfungible tokens (NFTs) continue to have a strong run on OpenSea, with the number of unique users and transactions increasing. However, the NFT market’s overall volume is falling behind last month’s figure of nearly $3 billion. While there are NFT projects readying to hit

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Opensea CEO Dismisses $200 Million Hack Rumor, Claims Incident Was a Phishing Attack – Security Bitcoin News

Opensea co-founder and CEO, Devin Finzer, has denied rumors that the non-fungible token (NFT) marketplace’s codebase was breached and that attackers had stolen $200 million. According to Finzer, an investigation had shown that the attacker had $1.7 million worth of ethereum in his wallet by leveraging a phishing scheme. Attacker

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OpenSea planned upgrade stalls as phishing attack targets NFT migration

Just yesterday, OpenSea announced a smart contract upgrade, which requires users to migrate their listed NFTs from Ethereum (ETH) blockchain to a new smart contract. As a direct result of the upgrade, users that don't migrate over from Ethereum risk losing their old, inactive listings — which currently require no

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$1B worth of ETH burned in the past 30 days due to record high OpenSea NFT transactions

According to blockchain data from Nansen Analytics on Tuesday, over $1.096 billion worth of Ethereum (ETH) has been burned in the past month. With the introduction of the EIP-1559 last August, a portion of fees is taken out of circulation for every transaction that occurs on the Ethereum blockchain. While

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