Stop ma'am Rihana 🛑

GM Guys and Gals,

Today’s edition is sweet and short, and if you don’t like sweet then what is the meaning of this prestige life? Sound like baba.

Sorry for the time pass, Here is the quick read of the day.

🛑 OpenSea has halted the secondary sales of the NFT collection for Rihanna's song "Bitch Better Have My Money."

🎵 The NFT collection was created by Web3 music platform AnotherBlock, which split 0.99% of the total royalties to the song across 300 Ethereum NFTs.

💰 The collection grants holders a percentage of future streaming royalties from the master recording, and it quickly sold out, generating $63,000 in revenue.

🚫 OpenSea cited the promotion of fractional ownership and future profit based on that ownership, which is against their guidelines, as the reason for halting the collection's sales on its marketplace.

🤝 AnotherBlock claimed that OpenSea did not notify them and that they have been "ignoring" their attempts to resolve the issue.

💻 The Rihanna NFTs are still tradable on AnotherBlock's own marketplace and Blur, but holders are concerned about OpenSea's restrictions affecting the collection's "floor" price, which has seen a 330% increase from its mint price.

🤔 Similar collections, such as Royal.io and Corite, are still tradable on OpenSea, causing confusion among AnotherBlock members.

As the crypto world continues to evolve, we will keep you updated on all the latest developments. Stay tuned for more updates from Web3shala.

We will be sweet of you if you recommend web3shala to your friends :D

That’s it for the day, Web3Shala 👋

To the Moon 🚀