NFTs collection TERRAMATER

Introduction

Open Sea

The largest platform operating in the NFT market is definitely OpenSea. Founded in 2017 with just $ 2.3 million, following a heightened interest in non-fungible tokens, its revenue went from $ 95 million in February 2021 to $ 2.75 billion in September of the same year. As of January 2022, the company was valued at $ 13.3 billion.

Problems

In March 2021, OpenSea announced that, from that point on, the NFTs collections would no longer need prior approval to be listed. This decision was later heavily criticized for allowing any scammer to publish copied and non-original NFTs collections in order to commit scams against customers. This situation still generates a rampant plagiarism of the NFTs collections on the platform. Furthermore, and more importantly, on OpenSea there are very few NFTs collections that are really useful. In fact 99% of these are works of art and images that do not "impact" positively in any sense, and most of the time they are even used for money laundering.

Opportunities

Why do we have to continue to use third party services without benefits and with innumerable risks between plagiarism and scams, when instead we can start using a platform in which there are projects of absolute value and which is created in partnership with all the owners of the NFTs of the specification collection sharing the profits and the benefits?

Last updated