Adam Bomb Squad Cancels Drop Due to Issues With OpenSea

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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.

Author Bio

TD Marquis

A veteran journalist and editor with more than a decade's worth of experience, TD helped a small community newspaper in Vermont win a New England Newspaper Association Right to Know Award in 2014. TD helped compile five years' worth of invoices to uncover a long-established practice of small-town government officials paying themselves six figures to do small jobs around town. TD discovered NFTs with Top Shot in 2021 and his first NFTs on ETH were saving two Mooncats. He is now the proud owner of Rowhome #61 and 1,300 other NFTs of questionable value. He also sent 4 ETH to a fake Mekaverse site and wants Lucky Trader readers to avoid the same fate.

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