CryptoPunks clone PolygonPunks booted from OpenSea marketplace

CoinTelegraph

Leading NFT marketplace, OpenSea, has delisted the successful Polygon-based copy of CryptoPunks, Polygonpunks.

According to screenshots of the marketplace taken shortly before the NFT collectibles were removed, PolygonPunks had emerged as the second-most popular collection on OpenSea by volume with roughly $37,000 worth of trade in 24 hours.

With upset users vocal on social media, OpenSea’s Nate Chastain took to Twitter to explain the marketplace’s action, describing the incident as a “buyer safety issue.”

How To Get Free Crypto  

Chastain notes that OpenSea does not verify projects deemed to comprise “light homage” or “derivative collections,” stating that it defers to the judgment of “the original IP creator” as to whether or not projects like PolygonPunks should be removed from the marketplace.

“It’s a buyer safety issue where verifications get easily misconstrued as indicating a relationship to the source material that some users have gotten confused by in the past.”

Chastain’s comments suggest that PolygonPunks may have been removed from OpenSea at the behest of CryptoPunks’ creator, Larva Labs.

Social media reports suggest OpenSea’s Discord forum became overwhelmed by disgruntled users, at one point leading to the forum suspending the onboarding of new members. PolygonPunks are now trading on the Cargo marketplace.

According to DApp Radar, CryptoPunks is the third-most popular NFT project by trade volume, with more than $13 million worth of tokens trading hands in the past 24 hours.

Related: OpenSea’s daily volume is exceeding its 2020 total

PolygonPunks is not the only CryptoPunks derivative capturing the community’s imagination, with the Solana-based SolPunks also selling out on launch before fetching five-figure prices on secondary markets.

Coinbase Banner  

SolPunks are trading on the Solanart marketplace, where they drove more than $1 million worth of trade in 24 hours on August 2.

Go to Source
Author: Samuel Haig


Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.