Can OpenSea bring law and order to NFTs?


Will OpenSea bring a little law and order to NFT Wild West? Imagine you noticed your precious Bored Ape missing and then saw it for sale in another market. Conversely, in a highly decentralized and unregulated industry, how can shoppers know if an NFT has been stolen?

OpenSea is updating its policy when it comes to reports of stolen NFTs. While it is against US law to intentionally buy or sell stolen property, OpenSea wants to avoid penalizing unknown buyers while increasing protections for victims of theft. They are increasing their use of police reports to help validate true allegations of stolen NFTs while cracking down on fake reports.


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