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Divya Mathur
Aug 4, 2021
by Divya Mathur

NFT Marketplace OpenSea Delists CryptoPunks Clone PolygonPunks

OpenSea PolygonPunks CryptoPunks
OpenSea, a peer-to-peer marketplace for digital collectibles has delisted the CryptoPunks copy PolygonPunks from its platform. The move garnered a strong reaction on social media, with many people insinuating that OpenSea had acted on the request of CryptoPunks creator Larva Labs.

OpenSea Removes CryptoPunks’ Polygon-Based Clone

PolygonPunks, a highly successful nonfungible token (NFT) collection based on CryptoPunks has been removed from New York-based NFT market OpenSea. PolgonPunks was the second most popular collection on the platform that generated $37,000 in trade in 24 hours. 

OpenSea hasn’t provided an official explanation of the delisting as of yet. However, the company’s head of product Nate Chastain said on Twitter that the episode was reflective of a “buyer safety issue.”

“For very light homages/derivatives like PolygonPunks, we try to flag projects like that one to the original IP creator and defer to their judgment on whether to take the project down,” he noted.

Chastain’s remarks indicate that Larva Labs may have played a role in PolygonPunk’s removal from OpenSea. In a tweet thread shared on July 4, Chastain had suggested that OpenSea would like inspired projects to self-identify as homages/derivatives. This will enable the market’s system to act only against projects that have been deemed fraudulent.

Social Media Outrage After PolygonPunks Removal

Many NFT enthusiasts on social media were visibly upset with OpenSea’s decision. According to reports, the company’s discord forum was overloaded by complaining users, forcing it to temporarily suspend the onboarding of new members at one point. 

Derivative collections are not new to the NFT space and PolygonPunks weren’t the only collectibles inspired by CryptoPunks. A Solana-based clone of the collection called Solpunks has generated $1,000,000, or 30,619 $SOL, in volume traded in 24 hours and sales of over $70,000 with 2000 followers.

For those still interested in acquiring PolygonPunks, the NFTs are now available at the all-in-one digital asset marketplace Cargo.

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NFT Marketplace OpenSea Delists CryptoPunks Clone PolygonPunks
Divya Mathur
Divya is a postgraduate from Jawaharlal Nehru University specializing in International Relations and a professional writer with more than 5 years of experience writing for the web. She is an avid reader interested in the global financial system and the effects of decentralization. At Cryptoknowmics, she hopes to deliver clear and understandable content to inform readers about the latest events in the crypto sector.