NFT marketplace OpenSea drops users amid strict U.S. sanctions

Mar 4, 2022

Ethereum-based NFT marketplace OpenSea has started dropping off users from its platform amid the ongoing U.S. Sanctions.

This comes as exchanges have been asked to put a ban on Russian users following the recent harsh financial sanctions levied on Russia.

However, some exchanges like Binance and Kraken have refused a blanket ban but said that they would sanction only individual entities and per the U.S. sanctions.

The situation came to light as an Iranian artist @K1_Nazifi found that post the new update, they have been dropped off the OpenSea platform. The artist called it “great discrimination against the Iranian community”.

Thus, OpenSea users from countries such as Iran and Venezuela have been facing the brunt of this action. Many users have lashed out at OpenSea for such an action saying that it goes against the ethos of the decentralized world.

Metamask has indirectly acknowledged the cut-off explaining how users from the restricted jurisdictions will receive error messages if they try to access the wallet.