PolygonPunks, The CryptoPunks Clone Booted From OpenSea Marketplace

OpenSea is the leading NFT marketplace currently. The platform recently excluded PolygonPunks which is a successful Polygon-based copy of CryptoPunks. A short while before these NFT collectibles were removed, a few screenshots of the marketplace were taken. They found out that PolygonPunks was the second-most popular collection on OpenSea in terms of volume. This polygon-based copy of CryptoPunks has around $37,000 worth of trade in 24 hours. When the users got upset about this news, they started protesting on various social media platforms. To this, Nate Chastain from OpenSea used his Twitter account to explain to the public why this popular marketplace took the action. He described this whole incident as a “buyer safety issue”. Further, he said:

“It’s a buyer safety issue where verifications get easily misconstrued as indicating a relationship to the source material that some users have gotten confused by in the past.”

OpenSea Removes PolygonPunks

However, when we have a closer look at these comments, they suggest that OpenSea removed PolygonPunks from the platform because the creator of CryptoPunks, Larva Labs wished so. A recent social media report says that the discord forum belonging to OpenSea was full of a lot of unsatisfied users. At one point, there was a time when the forum started suspending a lot of new members who were onboarding. Now, PolygonPunks are trading their collectibles on the Cargo marketplace. In terms of trade volume, CryptoPunks is the third-most-popular NFT project according to DApp Radar. Moreover, it has over $13 million worth of tokens trading hands in the past 24 hours.

Chastain pointed out that OpenSea will not verify items deemed to contain “light tribute” or “derivative collections”. Furthermore, he asserted that it delays the judgment of “the original IP creator” for whether the projects like PolygonPunks should be removed from a marketplace or not. However, PolygonPunks is not the only CryptoPunks copied platform that is stimulating the imagination of the community. This is because Solana’s SolPunks was also sold out when it was launched. And, only then it reached a five-figure price in the secondary market.  SolPunks were on the list of the Solanart market, with a 24-hour trading volume of more than $1 million on August 2.

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