{"id":339663,"date":"2021-09-15T19:04:31","date_gmt":"2021-09-15T16:04:31","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/opensea-exec-used-the-platforms-influence-to-pump-his-own-nfts\/"},"modified":"2021-09-15T19:04:31","modified_gmt":"2021-09-15T16:04:31","slug":"opensea-exec-used-the-platforms-influence-to-pump-his-own-nfts","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/opensea-exec-used-the-platforms-influence-to-pump-his-own-nfts\/","title":{"rendered":"# OpenSea exec used the platform\u2019s influence to pump his own NFTs"},"content":{"rendered":"

“# OpenSea exec used the platform\u2019s influence to pump his own NFTs <\/strong>”
\n<\/p>\n

An OpenSea executive has been outed for hyping nonfungible tokens he purchased and then featuring them on the homepage of the popular NFT marketplace \u2014 a move that presumably allowed him to sell the art pieces for a quick profit.<\/p>\n

Nate Chastain, who serves as OpenSea\u2019s head of product, allegedly used burner wallets to purchase NFTs, which were then featured on the front page of OpenSea \u2014 where they\u2019d receive the most attention \u2014 before unloading them. A Reddit<\/a> user documented<\/a> the whole ordeal by publishing the transaction details<\/a>. <\/p>\n

One of the NFTs in question belongs to the Dailydust Collection on OpenSea. The \u201cSpectrum Of A Ramenfication Theory\u201d was purchased by Chastain on Tuesday for 0.25 Ether (ETH) before it was sold for 1.5 ETH a few hours later. Notably, the sale was executed after the NFT was featured on the front page. <\/p>\n

A Twitter thread that appeared<\/a> on Tuesday also alleged that Chastain has been flipping front-page NFTs for a while. <\/p>\n

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Found a place to upload the files that has a 30day or 250 download<\/a> limit! These 2 files were sent to me anonymously with sketchy wallet activity from people looking into it before me.https:\/\/t.co\/fQQqt7sjdb<\/a><\/p>\n

\u2014 Zuwu (@ZuwuTV) September 15, 2021<\/a><\/p><\/blockquote>\n