Adam Bomb Squad Cancels Drop Due to Issues With OpenSea

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.

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