This is some good act coming from opensea, initially when I wrote Another NFT Loss In Paradise : One Man’s Great Loss Another Man’s Great Gain I felt that opensea needed to be held responsible for the act because losing an asset like that to that price can be really devastating. Nobody hopes to lose 92% off their assets to some bug, although opensea is claiming that the mistake was not due to a bug, its a situation that has to do with a UI issue.
Really nice from opensea, when organizations and platforms start being fully responsible for their own mistakes and actions, this world is expected to be in a better place. Nobody knows how much opensea is ready to reimburse affected users, and how many affected users do we have right here. Because a particular NFT collector was lucky enough to scoop out NFTs worth close to a million dollars for just below $200,000 and successfully flipped them for slightly over $900,000. So if we are considering opensea’s reimbursement, it should be looking forward to reimbursing almost a million to those affected already.
Well, I guess it’s a matter of lessons learnt from opensea, because their team claimed to be on the situation and working tirelessly to make sure that users don’t experience that anymore. This is not the first time opensea is experiencing a bug, but as usual, they always have a way of fixing it. It’s good that they did this in a nice secret way, because in my opinion, if they had made the reimbursement public, expect lots of scammers and frauds take advantage of the situation.
Scammers are always everywhere and always ready to take advantage of situations when they see one. They will definitely device a means to look for a way to take advantage of opensea if opensea had made the reimbursement public.
Once again, the crypto community has shown a very good sense of compassion, compared to other centralized platforms, outside crypto, they rather go to the court to settle this than do what was ought to be done. Love the fact that crypto, decentralization and blockchain has shown the world why they deserve and how they don’t need a collective group to own all the power in the world. With time, we are going to see the world have a major wealth distribution and probably reduce the rate of poverty.
Honestly speaking, I was expecting opensea to deny or look for some weird reason to being unaccountable to NFT holders losing their NFTs to outrageous low listing.
Posted Using LeoFinance Beta