OpenSea reverses limits on minting after community backlash
NFT marketplace OpenSea has backflipped on a controversial decision to limit the number of NFTs and collections creators can mint using its smart contract.
The platform previously allowed unlimited collections and items, but changed its policy to only allow five NFT collections with 50 items per collection when using OpenSea’s collection storefront contract. That’s its own smart contract allowing creators to mint NFTs without needing to deploy their own.
The unexpected announcement from OpenSea’s Twitter Support account, posted on Jan. 27, stated the lower limits came after it had "addressed feedback received about its creator tools." .
A follow-up tweet asked the community to “share how this affects your creative flow.”
NFT creators hit back, some arguing that their unfinished collections would now never be completed due to the change, with others noting that they were part-way through creating collections numbering in the hundreds to thousands.
One creator, who goes by “HamsterNFT” on Twitter, shared a screenshot showing how they couldn’t upload any more of their NFTs, stating their frustration that they’re now stuck at 96 pieces out of the 100 piece collection.
Well… For instance, I committed myself to a 100 piece collection. I’m currently at 96 out of the 100… And now I’m stuck with this message and I can’t complete it. Ever. Thanks! pic.twitter.com/DdLRNpiucI
Creators could still deploy their own smart contract to circumvent the limits imposed by OpenSea, but with smart contract deployment costing between US$1,000 and US$2,000 in gas fees, some stated they will move their collections to competing marketplaces.
OpenSea reversed the decision today, tweeting their apologies for not previewing the decision with its community.
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