Adam Bomb Squad Cancels Drop Due to Issues With OpenSea

Adam Bomb Squad Cancels Drop Due to Issues With OpenSea

Adam Bomb Squad is moving the drop of its second collection, Badam Bomb Squad, off OpenSea and to its own site in response to OpenSea's lack of alacrity concerning creator royalties, the project said late Tuesday evening.

"We were waiting to see if OpenSea would take a stand to preserve creator royalties for existing collections," the project tweeted. "...Unfortunately, that announcement has not arrived in time."

Badam Bomb Squad was set to start minting its 5,000-edition collection likely through OpenSea's new SeaDrop protocol on Nov. 10 at a price of 0.25 ETH with certain Adam Bomb Squad holders getting airdrops and certain communities (such as CryptoPunks, Bored Ape Yacht Club, Smilesss, Cool Cats, among others) getting early access. 

Now the collection is delayed until the project sets up a mint on its site. 

OpenSea made an announcement Nov. 5 that it would be taking steps to enforce creator royalties, letting creators of new collections (those started after Nov. 8 at noon ET) use an "on-chain enforcement tool" in their contracts. OpenSea also said it would not be making any changes to enforce existing projects' royalties until Dec. 8, if at all — a delay Adam Bomb Squad took umbrage with.

"We hope this statement adds pressure to all of the marketplaces to uphold the Web3 ethos. But most of all, may it be a reminder to them, to you, and the world that the artists are always in control," the project said.

More about Adam Bomb Squad

The Adam Bomb Squad Project is a collection of 25,000 “Adam Bombs” curated by The Hundreds owners Ben and Bobby as they breached the boundaries between streetwear, fashion, and technology.  The “Adam Bomb” made its first appearance in 2006 on the back of Freshjive t-shirt, and now reigns supreme as one of the iconic mascots not only in The Hundreds community, but also in generational streetwear over the last 15 years. 

At the time of publish, the Adam Bomb Squad floor price sits at 0.206 ETH, and has stayed relatively flat over the past 24 hours on 3 ETH volume of transactions. Over that same timeframe, 1 sharp wallets have bought 1 NFTs and no sharp wallets have sold NFTS in the the Adam Bomb Squad collection. Catch up on other recent Adam Bomb Squad news here.

Recent Adam Bomb Squad Sales

#4920sold at 12/10 4:12am for
0.206
#2435sold at 12/10 1:12am for
0.250
#13986sold at 12/09 8:12pm for
0.180
#16952sold at 12/09 4:12pm for
0.340
#6977sold at 12/09 4:12pm for
0.615

Recent Adam Bomb Squad Listings

#9298listed at 12/10 6:12am for
0.390
#4387listed at 12/10 6:12am for
0.500
#18316listed at 12/10 6:12am for
0.500
#9354listed at 12/10 6:12am for
0.490
#12626listed at 12/10 6:12am for
0.480
Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice.
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