OpenSea Removes ENS Domain Auctions Following RIAA Complaints
Sponsored
Sponsored
The removal included non-trademarked domains flagged by the RIAA OpenSea continues to err on the side of caution following intellectual property claims The same week OpenSea laid off 20% of its workforce, the top NFT marketplace removed several music-themed Ethereum Name Service (ENS) domain auctions after receiving a cease and desist letter from the Recording Industry Association of America (RIAA). The letter argued that a number of OpenSea-hosted ENS auctions were in violation of US trademark law, although not all of the domain names contain trademarked material. OpenSea complied with the letter, continuing the centralized NFT (non-fungible token) exchange’s precedent
Following reports of insider trading last year, OpenSea said it was conducting a thorough third party review of the incident. The platform said it initiated countermeasures to make sure such... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to…