A once promising NFT project Recur shutters operations, billionaire Mark Cuban says OpenSea made a HUGE mistake for cancelling royalty fee enforcements, and a fake friend tech project drains $226K in liquidity.
that OpenSea’s decision was necessary to retain its market share, Cuban rebutted that an optional royalty approach will kill future NFT applications that go beyond collectibles.
OpenSea’s CEO Devin Finzer stated that the on-chain royalty enforcement tool hasn’t had the success they would have hoped because competitor platforms such as Blur, Dew and LooksRare began to circumvent the Operator Filter by integrating the Seaport Protocol to bypass OpenSea’s blacklist and therefore avoid creator fees.
Several members of the NFT community consider the move to be a potential blow for NFT artists looking to make passive income.Bitcoin mining firm Canaan has confirmed that it temporarily shut down two exahashes of computing power in Kazakhstan in order to comply with the country’s changing regulatory landscape.
Stricter rules came into effect in April by Kazakhstan’s Ministry of Digital Development, Innovations and Aerospace Industry, which prompted Canaan to start turning off mining rigs in the third quarter,Prospective miners must now obtain a specialized license in accordance with the country’s Digital Assets in the Republic of Kazakhstan. It is understood Canaan is working toward obtaining a Type II license.
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