It turns out that OpenSea.io (referred to as OS), one of the worlds first and largest NFT marketplaces, isn't so.... "open".
On the 6th of October OS froze the buying/selling DAO Turtles (https://daoturtles.com/ an NFT collection of 10,000 Turtles with about 3200 unique owners (0.05 Eth mint price - SOLD OUT). At the time of getting frozen the collection had a total value of $3.85mil (based on "floor" prices of 0.11 Eth and Eth value of $3500) - so there is big financial implication to the community members holding DAO Turtles. We won't mention or get into the fact that one of the OS team members sold quite a few DAO Turtles before they froze the collection.
OS initially provided no explanation to later follow up with the below tweet:
"@DAO_Turtles Our policies prohibit our staff from using confidential information to buy or sell any NFTs, whether on OpenSea or not. This activity did not violate our policies. The employee had no knowledge of our decision to disable buying and selling of DAO Turtles for violating our Terms."
The Devs are in communication with OS, and doing everything they can to get this NFT collections unfrozen, but there is concern that we are very low on the priority list.. and maybe getting swept under a rug. We are yet to get any explanation around what "terms" were violated.
We ask for you to lend us your voice in this conversation so we can be heard - please sign this petition to bring attention to the unfairness and wrongdoing done onto DAO Turtles, and all the member of the community, by OS.. as we hope to find resolution to this matter and set our Turtles free.
DAO Turtle Community