OpenSea halts trading of staked-ether NFTs as creator calls marketplace 'unlicensed casino'

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OpenSea halts trading of staked-ether NFTs as creator calls marketplace 'unlicensed casino'
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The most popular NFT marketplace by number of traders stops trading of Ether.Fi's staked-ether tokens.

OpenSea sent Ether.Fi a response, saying it “doesn’t allow NFT collections that ‘carry out any financial activities subject to registration or licensing.’”Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Ether.Fi said Tuesday that OpenSea, the most popular digital marketplace by number of traders, has stopped the trading of its staked-ether NFTs.

"Then we got hit with a gut punch. All listings on OpenSea disappeared," Silagadze said in the letter."New listings were seemingly disabled We didn’t get any notice or warning. None of the many people we’d been speaking with at OpenSea had reached out. The collection was just inexplicably disabled."

When asked for comment, OpenSea told The Block it would not address"enforcement actions" regarding specific collections. Ethereum stakers that use Ether.Fi are given NFT representations of every validator generated. The NFTs allow for the storage of metadata, which the company hopes developers will use to build out further staking infrastructure. TheSilagadze appeared on CNBC last week to better explain Ether.Fi while describing what he believes sets his company apart from its competitors.

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