New Security Features By Opensea Against NFT Scams

New Security Features By Opensea Against NFT Scams

To prevent NFT scams, OpenSea has announced a set of new features to protect its users. The platform will hide certain suspicious transactions to prevent an unwitting user from clicking malicious links. Additionally, OpenSea is establishing a moderation team to help review cases of copyright inpingement and fraud.

The new feature will automatically hide suspicious NFT transfers from view on their marketplace and help to protect users from being scammed and ensure that only legitimate transactions are visible.The most popular crypto startups, OpenSea, has recently come under fire for stolen and plagiarized nonfungible tokens (NFTs).

OpenSea CEO tweeted that it's possible to get NFT transfers from individuals you don't know, just as with receiving an unwanted email, adding that:

NFTs saw explosive growth in 2021, but this growth hasn’t been consistent and has leveled off so far in 2022,” Chainalysis said.

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