While the commission is standard for Apple, some have expressed their displeasure at the company’s “grotesquely overpriced” cut of sales.
The marketplace intends to prioritize storytelling by allowing NFT creators to design customizable drop pages, share images, videos and more.
Reddit’s launch of limited edition NFT avatars has led to a large premium on secondary sales on OpenSea.
One study indicated the NFT market is headed for a $230 billion valuation by 2030 — an increase of more than 20 times compared to its height in 2021.
“The government has brought the instant prosecution using ill-founded applications of criminal law to set precedent in the digital asset space,” said Nathaniel Chastain’s lawyers.
A Twitter user claimed that they purchased a stolen NFT and OpenSea support advised them to sell it on another marketplace.