OpenSea: More than 80% of the NFTs Minted for Free Were Unoriginal or Fake
OpenSea, one of the largest NFT marketplace has reported in a Twitter post that more than 80% of the NFTs created for free on its platform were plagiarized from other artists, fake, or spam. The company reported that users are misusing the free minting tools on the platform to commit fraud and create spam.
OpenSea revealed this rampant fraud shortly after the announcement that users would now be able to make a maximum of five collections with 50 NFTs for each collection using the free feature.
The company created the free minting feature in …
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