Introducing OpenSea’s 3hr Hold Period To mitigate theft-related risk, sellers will be prevented from accepting offers on certain items for 3 hours after some transfers and sales. But don’t worry–with @DelegateCash, hot<>cold wallet transfers won't be affected Nana Miyashita📽🧵

2/ Why 3 hours? Speedy transfers and resales through offer acceptances can indicate suspicious activity. This timeframe helps OpenSea, our community, and theft victims detect stolen items while also lessening the chance that buyers end up with an item that's later reported stolen

3/ If you haven’t used @delegatecash, it’s a decentralized registry that associates your trusted wallets. OpenSea will read from their on-chain registry so you can have a smooth buying and selling experience while staying protected Expect more safety enhancements to come 🔐

@MoisheMedia @delegatecash @nanzbonanz Thanks for listening guys 🙏👏🎉

@delegatecash @nanzbonanz How about you stop calling them stolen assets and start calling them lost assets - lost due to poor wallet security or personal error? Then stop flagging items at all

@delegatecash @nanzbonanz Too little too late imo. Blur guarantees that you don’t get stuck with a stolen NFT on a bid, and will refund in the event it does happen. And marketplace royalties are a fifth of the price of yours.

@AmoriSurvive @delegatecash @nanzbonanz 3hrs is not enough. Needs to be atleast 8hrs and probably closer to 24hrs! People sleep and work!

@delegatecash @nanzbonanz It's a step forward, but you'll still need to have a quick report method since a theft would need to be reported well within 3 hours. Have you guys streamlined a report method for stolen items?

@delegatecash @nanzbonanz Are the offers invalidated on-chain somehow, or is accepting offers just blocked on the frontend?

@delegatecash @nanzbonanz Bruh my nft got locked after a week not knowing it was a stolen nft. I Lost alot of money because of @opensea

@delegatecash @nanzbonanz Nice. But, wen verification?