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LooksRare Questions OpenSea’s Implementation of Measures to Increase NFT Market Liquidity

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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 Questions OpenSeas Implementation of Measures to Increase 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. 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:


LooksRare, a significant player in the NFT market, recently expressed concerns about OpenSea’s implementation of measures to increase market liquidity. In a message posted on social media, LooksRare expressed hope that OpenSea would not be blocked by the operator filter again, signaling their discontent with the NFT marketplace.

The basis of LooksRare’s concerns stems from OpenSea’s past tweets, which the former claimed were rather vague. LooksRare sought clarification from OpenSea, but have not received any response so far. It is essential to note that this is not the first time that OpenSea has faced criticism from NFT market players.

Aside from the vagueness of OpenSea’s tweets, LooksRare also questioned whether the platform correctly implemented measures to increase market liquidity. OpenSea had announced the launch of a time-limited service fee transaction at zero costs, and an update on the operator filter, which allowed other NFT markets with similar policies to create joint market liquidity increases. The concerns raised by LooksRare suggest that OpenSea has not correctly put in place policies to improve liquidity in the market.

The critique could also be an indication of the growing demand for transparency and accountability in the NFT market. As the market grows, players like LooksRare are voicing their concerns, especially when it comes to the implementation of policies that directly affect the market’s operations. OpenSea’s strategic focus on boosting market liquidity through partnerships with other NFT marketplaces is a good move, but it is essential to ensure that such partnerships are carefully implemented to avoid any hitches or setbacks.

In conclusion, LooksRare’s critique of OpenSea’s vague tweets and the implementation of measures intended to boost market liquidity stresses the need for transparency, accountability, and effective implementation of policies in the NFT market. It highlights how players in the market are becoming more vocal about their expectations and the need for the marketplace’s operators to address them. Ultimately, the development of a healthy, thriving, and sustainable NFT market will depend on its participants’ ability to work collaboratively towards achieving common goals.

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