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OpenSea once again delists CryptoPunks v1 as legal battle heats up

Published 02/08/2022, 10:30 AM
Updated 02/08/2022, 12:00 PM

Late Monday, popular nonfungible tokens, or NFTs, platform OpenSea once again delisted the CryptoPunks v1 collection, which spiraled into existence along with the iconic CryptoPunks v2 collection due to a smart contract bug. This was allegedly due to a Digital Millennium Copyright Act takedown notice issued by CryptoPunks v2 developers Larva Labs to OpenSea. As the company is also the creator of the CryptoPunks v1 collection, this move has struck some as strange.

For many years, OpenSea banned the CryptoPunks v1 collection as users shunned their authenticity. However, the collection's recent listing on competing NFT platforms, such as LooksRare, led to an increase in recognition and led OpenSea to rescind its first ban. At the time of publication, the wrapped CryptoPunks v1 collection had surpassed 315.44 Ether (ETH) ($974,000) in total volume traded and continues to operate.

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