Ether.Fi has responded to the suspension of its newly-launched NFT (non-fungible token) collection on OpenSea after the prominent digital marketplace stopped the trading of the staked-ether NFTs, citing its concern about financial activities that require registration and licensing.

OpenSea Halts Trading Of Staked-Ether NFTs

On Tuesday, July 11, liquid staking protocol Ether.Fi launched its NFT collection called Ether.Fan. According to the team, the NFTs in this collection are based on “staked ETH and focused on Ethereum decentralization.”

Mike Silagadze, CEO of Ether.Fi, dubbed the 3,000-NFT collection launch as “wildly successful,” claiming that all the non-fungible tokens were minted within a day, with more than 6,200 ETH staked in the process.

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