Trading on Rihanna Music NFTs Is Suspended by Opensea
OpenSea's decision to halt secondary sales of the NFT collection for Rihanna's song "Bitch Better Have My Money" has infuriated NFT collectors, who are already reeling from the internet's reaction to her electric Super Bowl performance.
Last Monday, the Web3 music service AnotherBlock allocated 0.99% of the song's total revenues to 300 Ethereum NFTs. In 2015, Jamil "Deputy" Pierre, one of the song's producers, contributed to the song's co-production and gave a piece of his earnings to the blockchain. Who knows Rihanna's level of awareness of the collection?
The NFT collection sold out quickly last week, generating around $63,000 in revenue and granting purchasers a percentage of future streaming royalties from the master recording. Two days later, on the eve of Rihanna's Super Bowl appearance, AnotherBlock CEO Michel "bigmich" Traore announced in the project's Discord server that users could no longer trade NFTs on OpenSea, the platform with the biggest volume of NFT trading.
Sunday, the AnotherBlock team reported that OpenSea's automated algorithm "recognized" the project's description and delisted it without alerting them. AnotherBlock noted that it could not understand why the project had been flagged.
AnotherBlock commented on the project's description in a Discord message, stating, "We have used the same or comparable language in the past."
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