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Quick thoughts on the OpenSea "insider NFT front-running scandal"
1) Prior to regulatory clarity, the onus is on the community to adopt best practices, voluntarily, & to self-police. We continue to call on all companies, projects & investors to increase transparency.
1) Prior to regulatory clarity, the onus is on the community to adopt best practices, voluntarily, & to self-police. We continue to call on all companies, projects & investors to increase transparency.
2) Unpaid, volunteer, passionate community members are amazing at uncovering data. The OpenSea front-running is another example of a bad actor being caught by the community via the transparency of the blockchain, rather than by "cops on the beat".
3) This is great to see... community members uncovering potential wrongdoings, and forcing immediate change via public pressure.
We've been advocates for increased transparency many times, and will continue to be vocal advocates.
From self-policing....
ar.ca/blog/the-beaut…
We've been advocates for increased transparency many times, and will continue to be vocal advocates.
From self-policing....
ar.ca/blog/the-beaut…
