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Exploitation through the use of bots

While OpenSea has functioned as a viable platform for NFT sellers to make profits off their creations, it would appear that bots are continually influencing OpenSea’s NFT marketplace. These bots are employed to reduce or increase the prices of NFTs. To reduce prices, these bots place bids and cancel right before the bids are accepted. Because the NFT has to be listed upon cancellation, the price drops. In this situation, developers scoop the NFT assets at lower prices. A similar technique is also employed to drive up NFT prices.

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