The liquidity staking platform Ether.Fi: OpenSea has stopped trading NFT series supported by staked ETH

2023-07-19 09:01:00

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ChainCatcher news, the CEO of the non-custodial liquidity staking platform Ether.Fi, Mike Silagadze, issued an open letter stating that OpenSea has halted trading of its NFT series ether.fan, which is supported by staked Ethereum. The NFT series was launched on July 11, with all 3000 NFTs minted on the first day, and over 6200 ETH staked. However, after the NFT went live on OpenSea, it disappeared from the trading list, and the new listing seems to be disabled, with no notifications or warnings received.

The response received by Ether.Fi after contacting OpenSea was that NFT collections are not allowed to engage in any financial activities that require registration or licensing. Mike Silagadze stated that the ether.fan NFT is ETH wrapped in PFP.

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Ether.fi OpenSea ETH

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