Godjira Was Delisted From OpenSea Marketplace

But what exactly is delisting, and why does it happen? Keep reading to find out.

OpenSea delisted both Genesis and Gen2 Godjira NFTs. Credit: Godjira on LooksRare

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Not all FT sales go as you want. Maybe your token’s collection suddenly increased its floor price, or perhaps you changed your mind and now don’t want to sell your precious digital item.

Therefore, if you are struggling to get your NFT out of OpenSea listings, then this article is for you. In today’s post on our site, we’ll be talking about:

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The Azuki team , quoting the BAYC tweet of when they also got delisted back in June:

A short while after the Azuki update, Opensea also tweeted about the delisting and confirmed that it was a technical issue from their side.

The team stated:

from Opensea was posted about two hours after discovering the issue. The NFT marketplace further apologized for the issue,

“We’re so sorry for any inconvenience and confusion this may have caused.”

Fortunately, the technical error has now been fixed, as Azuki has been relisted back on Opensea. Surprisingly, even with this happening, the floor price of the Azuki NFT stayed consistent and was not volatile. It continued to hover around 10 ETH, and at the time of writing, it was pegged at 10.2 ETH.

Notably, this is not Opensea’s first time delisting a blue chip NFT due to a technical error. Back in June, the widely known, prominent Bored Ape Yacht Club NFT collection also got briefly delisted. While the cause of this technical issue from Opensea is unclear, the ramifications seem curable.

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OpenSea delists Not Okay Bears, causing outrage among holders. Credit: Coincu News.

OpenSea Delists Okay Bears KnockoffOpenSea delisting has sparked outrage among holders who are now unable to trade on the largest NFT marketplace. In fact, Not Okay Bears holders are even more furious as other derivative collections continue to remain listed on OpenSea.Finally, unauthorized copies of larger projects are quite common on Ethereum. Currently, Not Okay Bears has a floor price of 0.034 ETH, with a 293 ETH trading volume on LooksRare. Also, before getting delisted on OpenSea, Not Okay Bears had a 24-hour secondary sales volume of $6.3 millionJoin Our New «To The Moon» daily NewsletterGet our free, 5 minutes daily newsletter. Join 25,000+ NFT enthusiasts & stay on top 👊🌚

Bishal is a freelance writer and a digital nomad. He loves thinking, learning, and writing about all things crypto, particularly its impact on major industries. Stay tuned as he brings you more news from the fast-paced world of NFTs.

OpenSea removes Art Cats NFT without any notice.

Why Did OpenSea Delist Art Cats NFT?Through a tweet, Art Cats NFT revealed they can’t find their collection on OpenSea and it appears the platform delisted it. According to their post, they are baffled why it happened because they haven’t received any email from OpenSea about the removal.The NFT project noted that when their collections were still online, they contacted the OpenSea support team. They intend to ask them for verification of their account and collection. However, OpenSea denied their request because the project has not yet reached the 100 ETH trading volume requirement.Apart from the email from OpenSea about the verification, they claimed they haven’t received any messages from the NFT marketplace. Additionally, they said OpenSea removed their collection without any notice.At the end of the post, Art Cats reassured its holders that they already filed a request to OpenSea to resolve the issue.OpenSea Strikes AgainOpenSea delisting NFT projects without any notification are something NFT creators cry foul of. Last week, it delisted Godjira over a fake online letter. Now, it removes Art Cats and its holders are upset because it’s the only charity-based Music NFTs.The number one NFT marketplace should do something about it. For example, warn NFT projects before taking them down on the platform.Join Our New «To The Moon» daily NewsletterGet our free, 5 minutes daily newsletter. Join 25,000+ NFT enthusiasts & stay on top 👊🌚

OpenSea, one of the most popular nonfungible token marketplaces, has rolled out an upgrade to its smart contract, a proactive measure to weed out inactive listings on the platform.

According to the OpenSea announcement, NFT listings created before Feb. 18 will automatically expire within a week, by Feb. 25 at 7:00 pm UTC:

“This new upgrade will ensure old, inactive listings on Ethereum securely expire and allow us to offer new safety features in the future.”

During this phase, OpenSea will not charge gas fees for NFT migration, but will invalidate the old Ethereum-based smart contract, effectively expiring the old offers:

“During this migration period, old offers on items will expire, and offers made on the old smart contract will become invalid.”

OpenSea main profile page. Source: OpenSea

Navigating to OpenSea’s NFT migration. Source: OpenSea

OpenSea updated listing. Source: OpenSea

OpenSea made most of the early-bird advantage in the NFT space to become the largest marketplace for NFT trades.

Reaffirming the technology’s disruptive financial potential, an Indonesian college student named Sultan Gustaf Al Ghozali became a millionaire by selling NFT versions of his selfies on OpenSea.

As Cointelegraph previously reported, Ghozali took selfies, either sitting or standing in front of his computer, which was later converted into NFTs and uploaded to OpenSea in December 2021. Ghozali’s collection subsequently reached a total trade volume of 317 ETH, equivalent to more than $1 million.

Cheetah Cub Coalition became the latest NFT project to be delisted from OpenSea without reason. Thankfully OpenSea quickly fixed the issue. Credit: Cheetah Cub Coalition

The NFT project asked its community for help to rectify the situation, which it soon did. Credit: Cheetah Cub Coalition

Luckily for Cheetah Cub Coalition, OpenSea responded to its tweet in less than an hour. Its reply was short and sweet: “Hi there – sorry for the confusion, this collection has been reinstated.”While things worked out for Cheetah Cub Coalition, it will be interesting to see if OpenSea’s continued delisting of projects poses any more issues down the line.Join Our New «To The Moon» daily NewsletterGet our free, 5 minutes daily newsletter. Join 25,000+ NFT enthusiasts & stay on top 👊🌚

Ola is a US-based writer and digital nomad. He loves thinking, learning, and writing about all things Web3, particularly its impact on major creative industries.

How do I put an NFT up for sale?If you have an NFT you want to list, navigate to the left side panel and the section «My NFTs». This will open the Manage my NFTs page and there, you will see all of your NFTs. To list your NFTs one by one, click on the «three dots» menu on the NFT card and select ListWhen you enter the price you wish to list it for, confirm the transaction and you’re all set!You can also list several NFTs at once by taking advantage of our «bulk listing» feature.To do this, navigate to your slide-in wallet and select the «Bulk» option. Enter all the price for every NFT you wish to list and submit all at once.Make sure to confirm the transaction and your NFTs will be listed on SolSea!On the «Buy NFTs» page, NFTs minted on SolSea will appear in the section «SolSea Originals», while NFTs minted on other platforms will appear in «All Listings». «Gold Listings» includes only NFTs that were listed along with staked AART tokens.Note: when you list an NFT, it will be transferred to a new token account as it awaits sale. This means that it will not be in your wallet, so you will not see it there. If the listed NFT is bought, it will transfer from the listing token account to the buyer’s wallet, while the funds from the sale will be sent to your wallet. Alternately, if you delist the NFT before it’s sold, it will simply return back to your wallet.How can I delist my NFT on SolSea?Open your slide-in wallet and navigate to the section Listed NFTs. Then find the NFT you wish to delist from the marketplace, click on Delist and confirm the transaction.Why can’t I list/delist my NFT?If you don’t have any funds in your wallet or if you have insufficient funds, you can’t list and delist NFTs. These transactions require a small rent fee to be transferred to a token account. However, the fee you transfer when listing an NFT is returned to you upon delisting (or purchase), when the token account in use is closed.How can I change the price of my NFT?If you have already listed your NFT (e.g. for 5 SOL) and you want to change the price, you can go to your wallet, find the NFT you want to change the price of (under the Listed NFTs section), and click the button “Change”. A new window will open, where you can type in the new price, and click Change Price to finalize the process. After approving the transaction, the price of your NFT will be changed.Likewise, if you want to quickly change the price of multiple NFTs, you can do so by selecting «Bulk Price Change» in your Wallet, entering all the prices and submitting all the changes.What are the listing/delisting fees on SolSea?When you list an NFT, you transfer a small rent fee to a token account. When you delist that NFT or when it’s sold, the rent fee is returned to your wallet.Why can’t I see my NFT in my wallet?When you list an NFT, a token account is created automatically to house that NFT. Until you delist the NFT, it will remain on that token account. Alternately, if the NFT is bought, it will be automatically transferred to the new owner’s wallet and the token account will be closed.

Magic Eden is an NFT marketplace for Solana NFTs. The marketplace is perhaps the most important Solana NFT marketplace and one of the top-ranking marketplaces by volume after Ethereum native Opensea marketplace.

Magic Eden offers many services, placing it on top of the marketplace with most Solana NFT sales on the secondary market. In fact, it accrues more than $180 million in trading volume monthly.

To delist an item on Magic Eden you first need to connect your wallet holding that NFT. Then go to your Profile by clicking on your wallet address in the top right corner. After that, you need to click on “Listed items.” Then click on the NFT you want to delist and tap on “Cancel Listing.”

Now, before we explain the NFT delisting process step by step, let’s first understand how does Magic Eden marketplace work. Let’s get started!

Using Magic Eden Marketplace

Delisting an NFT on Magic Eden means you have an NFT asset in your wallet, and you have listed the NFT on Magic Eden.

You can buy NFT on Magic Eden using any Solana-based wallet like Phantom, Solflare, or Sollet.io.

To buy an NFT on Magic Eden, go to Magic Eden on your web browser.

This will give you access to easily check curated collections of profitable projects.

On the top right corner of the homepage, connect your wallet by clicking “SELECT WALLET”. Pick your Phantom wallet or any other Solana-based wallet from the option.

Approve the connection in your wallet to sign in your wallet.

You can explore NFT collections or search for your favorite collections using the search bar at the top navigation bar.

Alternatively, you can go through other collections from the sidebar.

Once you find a collection you want, click on the collection to get an overview of the project, including its floor price, volume, average price, and listed count.

You can use the filter to find your preferred mode of purchase or price range.

After seeing an NFT that you like, click on it to review it for purchase. The purchase page also contains important details about the NFT’s price history, royalties, and owner’s details.

Finally, click “BUY NOW” to buy the NFT at the listed price or “MAKE AN OFFER” to buy it at a different price.

A transaction prompt should pop up on your wallet. Approve the prompts to finalize the transaction.

Once the purchase is complete, the NFT will appear in your wallet. You can check it under ‘Your Collectibles’ in the second section of your wallet.

Listing an NFT on Magic Eden for Sale

After buying an NFT, you can now list it at your own price. To list an NFT on Magic Eden, connect your wallet to Magiceden.io.

Select the wallet that holds your NFT and approve the connection. After connection, the top right corner should be showing your wallet address.

On the top right corner of Magic Eden’s homepage, click “SELL”. This will take your Magic Eden dashboard and display all the NFT items in your wallet.

Under the “My Items” section, choose the NFT item you want to list on Magic Eden.

After choosing an NFT item, you will see helpful information such as price history, mint date, mint and owner addresses, fees, and royalties.

Input your preferred listing price in the box provided for “List Price”. Then tap “LIST NOW”.

Approve the transaction in your Wallet confirmation popup. Once the transaction is completed, your NFT will be listed on Magic Eden.

After listing, you can find the NFT item under “LISTED ITEMS” in your Magic Eden dashboard.

Delisting an NFT on Magic Eden is as easy as listing it.

Visit Magic Eden Marketplace

You need to connect your wallet by clicking on the “Connect Wallet’ button in the top right corner of Magic Eden’s homepage.

Go to Your Profile

After connecting your wallet, you’ll be able to see your wallet address shown in the top right corner. Click on your wallet address to go to your profile.

Click on “Listed items”

After going into your profile dashboard, you can see different options such as “My Items,” “Listed Items” “Offers Made,”  “Offers Received” and “Activities”. Tap on the “Listed Items” to see all the NFTs you’ve listed on sale.

Cancel Listing

Among the listed items, click on the NFT you want to delist. Click on “CANCEL LISTING” and approve the cancellation in the prompt that pops up.

Once your listing has been canceled, your NFT item will be removed from “LISTED ITEMS.”

Meanwhile, you can still view it under “MY ITEMS.”

How to Transfer NFT from Coinbase Wallet to Metamask?

How To Delete NFT from Phantom Wallet? (4 Ways)

You can list and delist your NFTs and Mystery Boxes on the Binance NFT Marketplace in bulk using the new Batch List feature.

How to list NFTs and Mystery Boxes in bulk?

Under the Asset View:

Under the Collection View:

Step 2 — Set Sale Prices

1. Fixed Price (Default)

You can list your NFTs/Mystery Boxes with a fixed price and currency (BNB / BUSD / ETH).

Step 3 — Set Listing Period

You can choose to list the NFTs/Mystery Boxes immediately or at a later date. You may also customize the listing expiration date. This setting will be applied to all NFTs/Mystery Boxes in the batch.

Step 4 — Confirm Listing Details

After clicking submit, you will see a confirmation pop-up with the listing details, including the total number of listings, unit price, and the total price of all NFTs/Mystery Boxes you’re listing.

If your NFTs/Mystery Boxes haven’t been listed before, they will be subject to a 10-day clearing period.

How to delist NFTs/Mystery Boxes in bulk?

Under Asset View:

Step 2 — Confirm Delisting Details

Please note that currently you can only delist a maximum of 20 NFTs/Mystery Boxes at any one time.

What Happens When An NFT Or Cryptocurrency Gets Delisted?

What happens if you’re holding onto a cryptocurrency or NFT and it gets delisted? Unfortunately, there’s no easy answer that encompasses all possible scenarios. However, there may be a few common paths depending on the asset type.

For example, if you’re holding crypto that’ll be delisted from a major exchange, you’ll find out long before the actual date. That’s because crypto token teams usually inform their holders when they receive the notice, so they can be traded out for supported currencies.

Why Do Assets Get Delisted?

Crypto markets, just like any traditional art market or exchange, have their terms, conditions, and requirements for listing cryptocurrency tokens or assets. All teams and individuals listing their NFTs and currencies agree to be bound by a platform’s requirements when listing, which means that a non-compliant token or NFT can be removed from a centralized platform anytime.

These marketplaces have chosen to self-regulate, which means they take full responsibility for any possible legal issues with the SEC. If a project, token, or NFT violates any laws, there’s a relatively high chance it will get pulled from the platform.

As a result, low-volume or low liquidity assets are more likely to get delisted.

As a result, Larva Labs filed a DMCA takedown for the CryptoPunks on OpenSea, resulting in delisting all assets from that collection. From this, CryptoPunks V2 was later born.

Owner-Initiated Cancelation Or Delisting

Owner-initiated delisting is one of the most common reasons crypto exchange tokens and assets are removed from their marketplaces. For example, creators may feel that they listed their NFTs at a price too low for the current market and want to relist at a higher asking bid. In this case, they’d have to delist their NFT from the marketplace before relisting at their appropriate price point.

How to Delist on OpenSea

You have three options to delist NFTs on OpenSea. Two of them are free, and one of them will require you to pay.

Cancel the Listing and Pay Gas Fees

The first method consists of canceling the listing as soon as possible.

You don’t need to wait at all — just navigate to the option, review your decision, and that will be it.

However, remember that gas fees will be present here, just as they are when you are trading crypto.

OpenSea will verify the operation and use the delisting feature by taking the gas fee funds out of your wallet.

Creating a new re-list will cost money as well, so think it through before you determine whether delisting this way is a good option or not.

Let the Listing Expire (No Gas Fee)

You could simply let the listing expire and it will get automatically delisted by OpenSea.

That’s why it’s always advisable to use the listing feature for 3 days to 1 week — it serves to protect you against unwanted sales.

Either way, no price will be charged if you decide to let the listing expire by itself.

Completely Delete the NFT

This method is free as well, but it will result in the entire deletion of your NFT.

There’s no price for burning or deleting an NFT. This transaction is free, but is permanent as well.

You have just learned how to delist on OpenSea! As you can see, it’s quite easy.

Just bear in mind that the different options have their advantages and disadvantages.

What Happens if I Transfer My NFT to a Different Wallet?

If you move an NFT from the original wallet to a new one, the listing on OpenSea will not disappear.

Moving the NFT just changes its address, whereas the live listing can still be executed through the market.

FAQ

As a consequence, you are using OpenSea tools and resources to get an order executed, which will certainly incur a fee.

But this doesn’t happen all the time. The costs of delisting your NFT might be free, depending on how you do it. Worry not — we’’ further elaborate on this matter.

Pro Tip: Are you an NFT creator who wants to get their items sold on OpenSea? Awesome! There’s a great window of opportunities waiting for you in this marketplace. But can you
change your wallet on OpenSea? Read our related article on our site to get all the details you need about this matter.

What Does Delisting An NFT Mean?

The term “delisting” refers to the act of removing social tokens, digital items, and crypto art assets from the largest marketplaces on the web. The team or individual managing the asset can initiate the delisting process. Likewise, a digital marketplace can delist an NFT due to a violation of the terms of service.

OpenSea’s Decisions to Delist NFTs

OpenSea, the largest NFT marketplace on the platform has delisted many NFT projects before. Sometimes, the removal of the NFT collection is reasonable. For instance, it delisted Not Okay Bears which is clearly a knockoff of Okay Bears. The platform also removed Non-fungible Olive Gardens NFT after the legal complaints of the real-life Olive Garden company.

However, there are also several NFT project delistings by OpenSea that outraged the NFT community. For example, it accidentally delisted Cool Pets which allowed the project’s copycat to rip people off. Maybe OpenSea needs to listen more to the NFT holders and conduct a thorough investigation first before they delist a project on the platform.

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All investment/financial opinions expressed by NFTevening.com are not recommendations.

This article is educational material.

As always, make your own research prior to making any kind of investment.

What Does It Mean to Delist on OpenSea?

Basically, you are telling others that your NFT is not for sale anymore — better luck next time!

Do not confuse delisting with
hiding an NFT on OpenSea — they are two different things.

Anyhow, we all know the investment risk related to Non-Fungible Tokens and other content in the crypto space.

Thus, making the item unavailable after having it previously listed comes at a cost.

Why Did OpenSea Delist Godjira?

To begin, there has been a letter circulating online claiming Godjira has been DMCAed. According to the letter, the project has illegally used the official mascot, Godjira. Therefore, the Ministry of Internal Affairs and Communications in Japan sent a DMCA order against the NFT project and requested Godjira to be delisted on OpenSea.

Clearly, the circulating letter is questionable. Some even responded to Godjira’s post by translating the Japanese characters on the signature at the end of the letter. They said it literally means “this is a meme”.

What is the Godjira NFT Project?

Godjira is an Ethereum-based NFT project created in 2021. It launched its Genesis collection in December last year and has successfully sold its 333 Genesis NFTs. The collection is a big hit as it offers exclusive tier 1 membership and commercial rights to its holders. Ultimately, it gives its Genesis holders governance over the future of the project.

Three months later, it launched its second-generation NFTs composed of 3,333 Godjiras. Their latest collection also offers several benefits to its holders. This includes tier 2 membership, exclusive generation of the project’s token called $jira, and access to the best alpha in the NFT space.

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Final Thoughts On Delisting

Delisting a cryptocurrency or NFT is costly, but it’s sometimes necessary to maintain security or comply with legislation. Unfortunately, delisting an asset may also mean that token and NFT holders end up on the losing end of the deal, making it a controversial topic within the crypto community.

However, there is one way to curb potential losses from delisted tokens and NFTs: research. After all, an informed investor is a rich one. There are usually warning signs that an NFT is stolen (such as lacking verification on the exchange) or has a low trading volume for cryptocurrency.