OpenSea’s now infamous ‘delisting bug’ has struck again. This time, however, it hit Azuki, temporarily delisting several Azuki NFTs from the platform. Similar situations have happened before, notably to the Bored Ape Yacht Club this June.
The Azuki OpenSea Delisting Scenario
Yesterday evening, September 30th, Azuki, one of the biggest and most successful NFT collections Tweeted saying: “We have reached out to OpenSea about the delisting emails sent to Azuki holders, awaiting a response. Our working theory is that we are facing a similar error/issue as this one (referring to a previous BAYC delisting). Check Discord for live updates, @DemnaAzuki will also be tweeting as we work to resolve this issue.”
OpenSea resolved the issue in only an hour and six minutes after the initial tweet. Therefore, all of the previously delisted NFTs became reinstated to their rightful owners’ wallets.
OpenSea blamed the inconvenience on their ‘Trust & Safety Flagging System’, mentioning that this was the issue in the Azuki delisting on their platform.
When it happened with the Bored Ape Yacht Club, the Yuga Labs-owned company contacted OpenSea to ensure that it didn’t happen again.
The Impact of Delisting
Delisting is not a good scenario for either party, the marketplace or the project. For Azuki, this may have caused concern that some of their users may never see their NFTs again. Furthermore, OpenSea can lose the trust of the community by having one of the biggest projects on their platform delisted for no apparent reason. This can never be a good look.
It can cause the loss of customers for both the collection and marketplace. In fact, the buying and selling of a specific NFT collection is often ceased during times of delisting. It could also lead to a floor price drop for the collection in conversation if users turn to blame them when they have done nothing wrong.