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:
“When you move your item out, the order can’t be fulfilled anymore. But when the item gets back to your wallet, the order is active on-chain again. The secure way to remove a listing is to cancel it on-chain.”
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.
Buy LAND near The Sandbox’s new Mega City
The Sandbox (SAND), a metaverse platform and decentralized gaming virtual world has announced it will…
