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Uproar as OpenSea Bans NFT Collectors in Iran 

OpenSea, the world’s largest NFT marketplace, has announced a ban on Iranian users citing that the country is subject to U.S sanctions. However, the NFT enthusiasts and collectors are voicing their complaints as they were not given any form of notice about their restriction of access. 

OpenSea, addressing the issue in a statement, said that it “blocks users and territories on the U.S sanctions list from using our services — including buying, selling, or transferring NFTs on OpenSea.” Reading further, the statement continued: 

“Our Terms of Service explicitly prohibit sanctioned users or users in sanctioned territories from using our services. We have a zero tolerance policy for the use of our services by sanctioned individuals or entities and people located in sanctioned countries. If we find individuals to be in violation of our sanctions policy, we take swift action to ban the associated accounts.”

RELATED: NFT Platform Opensea collects $300 million pushing the market value to $13.3 billion

OpenSea

Following the announcement, a large number of Iranian users made it to Twitter to express their anger as they shared the Error 404 pages they received when they tried checking their accounts. Many were a bit more furious as they expressed that there was no prior notice given to them and they thought it was a hack. One of the tweets read: 

One year of activities, all gone. They vanished my verified account with no explanation! Not only me but many other friends of mine are concerned about this cause their accounts are banned/deactivated at the moment.”

OpenSea’s ban on Iranian users does not only affect NFT collectors as Creators as well have shared their own experiences. One of the NFT creators has cited that the people who bought their collectibles have been unable to see the photographs they paid for. In a short tweet, he added:

 “Why should they lose these NFTs?”

About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

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