IS THIS THE END FOR NFT CREATORS | OPENSEA CONTRACT LIMIT

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Published on January 28, 2022 1:00:13 PM ● Video Link: https://www.youtube.com/watch?v=UENA-DEkH64

Duration: 21:46

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Out of nowhere, OpenSea dropped a bomb limiting the number of NFTs that a creator could create (this has now been reversed) but what does this mean for NFT creators and what is a custom contract?

"Click Bait" is the daily show at 1300 UTC reviewing specific NFT projects and providing market updates with regards to Web 3.0.

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💎 Project / Individual Mentioned💎
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OpenSea Support's Tweet
Twitter: https://twitter.com/opensea_support/status/1486651385793769477

OpenSea Reverting their decision
Twitter: https://twitter.com/opensea/status/1486843201352716289

About Lazy Minting
Website: https://support.opensea.io/hc/en-us/articles/1500003076601-Can-I-list-an-item-without-paying-to-mint-it-

When Square Meets Circle NFT Collection
Website: https://opensea.io/collection/whensquaremeetscircle

Foundation's Tweet
Website: https://twitter.com/withFND/status/1486384424140918784

Manifold.XYZ
Twitter: https://twitter.com/manifoldxyz

Rarible
Website: https://rarible.com

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⏱️ Timestamp ⏱️
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00:00:00 Start Screen
00:00:05 Disclaimer
00:00:10 Welcome
00:00:20 Bomb dropped by OpenSea
00:00:32 OpenSea Support...?
00:01:33 Bye bye unlimited collections
00:02:00 OpenSea reversed this decision
00:02:55 Why did OpenSea do this?
00:03:39 What happens if this limit is implemented?
00:04:14 What are the common token standards?
00:04:25 ERC-721
00:04:45 ERC-20
00:05:25 ERC-1155
00:06:37 Difference between a custom and a shared contract
00:07:58 Practical Example
00:08:16 NFT under the OpenSea Shared Storefront
00:09:38 NFT under a Custom Contract
00:10:30 Lazy Minting and creating an NFT on OpenSea
00:11:43 Pros and Cons of a Custom Contract
00:13:10 Foundation's Recent Announcement
00:15:07 Creating a Custom Contract using Manifold
00:17:03 Manifold's Track Record
00:18:05 Lazy Minting and Custom Contract on Rarible
00:19:40 Questions to ask yourself after this incident
00:20:58 Stay Tuned to tomorrow's episode
00:21:40 End Screen

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