OpenSea’s Policy on NFT Market Liquidity
It is reported that LooksRare in the NFT market sent a message on social media, saying that he hoped that OpenSea would not be blocked by Operator Filter again…
It is reported that LooksRare in the NFT market sent a message on social media, saying that he hoped that OpenSea would not be blocked by Operator Filter again. LooksRare claimed that the content of OpenSea’s previous tweets was a little vague. They sought further clarification from OpenSea, but no one has responded so far. Previously, OpenSea announced the launch of the time-limited 0 service fee transaction, and also updated the operator filter to allow NFT markets with the same policy to jointly increase market liquidity, but the statement of LooksRare suggested that OpenSea may not have implemented relevant measures.
LooksRay requires OpenSea to confirm that it will not be masked by Operator Filter
Interpretation of the news:
The NFT market has grown significantly in recent years, and OpenSea has emerged as one of the leading NFT marketplaces. However, concerns regarding the company’s policies on market liquidity have recently surfaced. LooksRare, a prominent figure in the NFT market, has expressed their concerns regarding OpenSea’s implementation of their operator filter, which plays a critical role in ensuring market liquidity.
In a social media message, LooksRare has expressed their hope that OpenSea will not be blocked by the operator filter again. They have cited OpenSea’s previous tweets as being vague, which has resulted in a lack of clarity and confusion within the NFT market. LooksRare further stated that they have sought clarification on this matter from OpenSea, but have yet to receive a response.
OpenSea had previously announced the launch of a new policy allowing a time-limited zero service fee transaction. Additionally, the company updated its operator filter to allow NFT markets with the same policy to collectively increase market liquidity. However, LooksRare’s statement implies that OpenSea may not have implemented relevant measures to ensure that their operator filter is functioning as intended.
Liquidity is an essential factor for any functioning market, and the NFT market is no exception. With a market as volatile as the NFT market, it is imperative that there are measures in place to ensure liquidity. The operator filter plays a crucial role in ensuring market liquidity by allowing NFT markets with the same policy to work together to increase liquidity.
In conclusion, LooksRare’s message has raised concerns about OpenSea’s implementation of its operator filter and its impact on market liquidity in the NFT market. It is essential for OpenSea to respond promptly to these concerns and provide clarity on their policies regarding market liquidity. The NFT market is an ever-growing industry, and it is crucial for NFT marketplaces like OpenSea to ensure that they are implementing measures to support and sustain market liquidity for the industry to continue growing.
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