“ THE EASE OF USE OF WALLETS NEEDS TO IMPROVE … IN GENERAL ,, IT IS NOT ALWAYS TO THE STANDARD THAT MAINSTREAM USERS EXPECT OF COLLECTIBLES AND APPS ”
WES LEVITT HEAD OF STRATEGY , THETA LABS
These activities , and fraudsters , have resulted in the NFT space gathering itself a somewhat renegade reputation . Della Casa explains : “ We have had inflated NFTs over the last 12-18 months and every bubble pops . Another thing wrong with the market is the amount of fraudulent NFTs floating out there . Something like 80 % of Opensea NFTs are fake . That ’ s mind-boggling . The worst part is finding out the identity of these fraudsters . Nobody has a clue who they are .”
Della Casa also questions the regulatory procedures of certain NFT platforms that don ’ t take action when complaints are made by users . “ Who polices Opensea ? I would love to know since I ’ ve reported the fake
80 February 2023