A Twitter user recently expressed their discontent with OpenSea for delisting their Ethereum Name Service (ENS) NFT. According to OpenSea’s Terms of Service, the calvin-klein.eth NFT seems to be in violation. @eth turco, a user, expressed his unhappiness with the centralization of OpenSea, inquiring as to what happened to Web3.
Given the similarity between the official Calvin Klein website and his ENS, the buyer was first pretty satisfied with his purchase. Regardless, the item has been discontinued.
OpenSea’s centralization
This is not the first, second, or third-time OpenSea has used its authority against NFT owners. For no apparent reason, the NFT marketplace delisted the late photographer Chi Modu’s NFTs. They did, however, remove some Bored Ape knockoffs, which the community supports.
The Twitter thread prompted a range of personal responses. If the transaction violated established regulations, a user would ask why the ENS platform allowed it to occur in the first place. Several members of the community also disclosed their delisted items.
What if someone files a copyright application after an ENS NFT is minted, a Twitter user asked. Will the clearance result in a future DMCA takedown? On the other side, some users are aware of OpenSea’s private ownership status. They must adhere to all relevant laws, both domestic and international, and failing to do so might result in undue hardship for the team.
It’s sad, in the spirit of the Web3 movement, to see actual ownership and decentralization go in an instant. However, there are certain benefits to a company exercising decision-making authority, such as protecting community members.
