NFT marketplace Rarible temporarily cancelled orders from OpenSea and sent a series of tweets today outlining how it plans to help combat what it called “risky sale orders” on OpenSea with a new order management tool.
The tool is designed to help users differentiate between their active and inactive orders to help prevent their NFTs from being mistakenly sold even if they cancel an OpenSea order by transferring the asset to another wallet.
Part of Rarible’s business model is aggregating OpenSea orders on its platform.
Since late Dec. 2021, OpenSea users have noticed a bug which allows assets to remain up for sale on Rarible even when their assets have been moved to a different wallet. Rarible explained:
Rarible’s tool displays orders as either Active or Inactive to mitigate the confusion about what assets are actually up for sale. Rarible said in a tweet, “Active orders are on right now and require most of your attention,” while “Inactive orders are the orders that will become active in case the NFT gets back to your wallet.”
Rarible is currently the ninth-largest NFT marketplace according to DappRadar.
The Sandbox (SAND), a metaverse platform and decentralized gaming virtual world has announced it will create a Mega City with a focus on contemporary cultural icons and the expansion of Hong Kong culture into the Metaverse
A slew of new partners who own LAND and are well-known in Hong Kong have signed up including tycoon Adrian Cheng, investing leader Sun Hung Kai & Co, professional services firm PwC Hong Kong, blockchain-related investment and asset management company TIMES CAPITAL, director, producer and actor Stephen Fung, actress Shu Qi, musician Dough-Boy, game IP Little Fighter, and local illustrator Dreamergo.
The Sandbox
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