Popular NFT issuing and trading platform OpenSea reported that more than 80% of NFTs created using the “lazy minting” feature turned out to be plagiarism, spam or fake.
In December 2020, OpenSea introduced a feature called lazy mintin. This feature allowed authors to issue NFTs without paying a fee up front. However, as informed OpenSea on Twitter, over 80% of the free tokens issued were plagiarism, spam or fake.
To combat the use of this feature by fraudsters, the site has introduced a restriction that allows you to release no more than five collections of 50 tokens each. However, users have reported that they cannot finish their collections. The platform has disabled the restriction and is now dealing with the situation.
“We hear you and we apologize. We are currently working on a solution to the issue of tokens and trying to deter fraudsters,” OpenSea said.
As a reminder, OpenSea recently issued a refund to users who suffered from an NFT delisting error. In total, the site returned 750 ETH to customers in the amount of $1.8.
Source: Bits
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