12-10-2022, 04:42 PM
Heads up that the entire Solana NFT market, which is the 2nd biggest after Ethereum
<!-- SC_OFF --><div class="md"><p>That's right, Metaplex, which is in control of the 4/6 multisig controlling the Metadata program that pretty much every NFT collection on Solana uses can arbitrarily change it and:</p> <ul> <li>brick almost all the NFTs on Solana</li> <li>change the image or other metadata related features of almost all the NFTs on Solana</li> </ul> <p>These concerns have recently surfaced more broadly in the community after Metaplex's decisions to change the Metadata program to allow creators to ban specific marketplaces, a decision that will lead to consolidation of power of big NFT marketplaces.</p> <p>More info here: <a href="https://twitter.com/0xmert_/status/1600902658939703296?s=46&t=MRvWe5dxqwTIFgVJGU43Jw">https://twitter.com/0xmert_/status/1600902658939703296?s=46&t=MRvWe5dxqwTIFgVJGU43Jw</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Simple_Yam"> /u/Simple_Yam </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zhokxm/heads_up_that_the_entire_solana_nft_market_which/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zhokxm/heads_up_that_the_entire_solana_nft_market_which/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>That's right, Metaplex, which is in control of the 4/6 multisig controlling the Metadata program that pretty much every NFT collection on Solana uses can arbitrarily change it and:</p> <ul> <li>brick almost all the NFTs on Solana</li> <li>change the image or other metadata related features of almost all the NFTs on Solana</li> </ul> <p>These concerns have recently surfaced more broadly in the community after Metaplex's decisions to change the Metadata program to allow creators to ban specific marketplaces, a decision that will lead to consolidation of power of big NFT marketplaces.</p> <p>More info here: <a href="https://twitter.com/0xmert_/status/1600902658939703296?s=46&t=MRvWe5dxqwTIFgVJGU43Jw">https://twitter.com/0xmert_/status/1600902658939703296?s=46&t=MRvWe5dxqwTIFgVJGU43Jw</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Simple_Yam"> /u/Simple_Yam </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zhokxm/heads_up_that_the_entire_solana_nft_market_which/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zhokxm/heads_up_that_the_entire_solana_nft_market_which/">[comments]</a></span>