This analysis describes what OpenSea's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
User information is treated as a transferable business asset in insolvency proceedings, meaning it may pass to a new owner without users' control or consent.
The updated policy establishes new collection of sensitive personal data categories not previously disclosed in explicit detail. Users of OpenSea's onramp services will have their full legal name, date of birth, tax ID, government-issued identification documents, mobile number, and IP address collected and transmitted to third-party onramp providers. Users subject to identity verification for rewards eligibility or compliance will have facial biometric data processed through third-party providers using facial recognition technology; the provider generates and holds the biometric identifier on OpenSea's behalf and destroys it within three years of last interaction. Users participating in rewards programs will have wallet address, name, contact information, and tax identification numbers collected for eligibility determination and tax reporting. You can decline to use onramp services and still access the Platform, and identity verification for rewards is required only in certain circumstances such as when required for rewards eligibility or compliance.
View change record →If OpenSea becomes insolvent, enters bankruptcy, or goes into receivership, your information may be transferred to a third party as part of the business estate.
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"In the event of an insolvency, bankruptcy, or receivership, your information and information about you may also be transferred as a business asset.Excerpt from OpenSea's Privacy Policy
ConductAtlas detected a major restructuring of Meta’s privacy policy that removed detailed consumer rights disclosures and relocated them to separate documents.
Your genetic data may be transferred to a new owner as a business asset. Here is what the Terms of Service actually say and what you can do right now.
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User information is treated as a transferable business asset in insolvency proceedings, meaning it may pass to a new owner without users' control or consent.
If OpenSea becomes insolvent, enters bankruptcy, or goes into receivership, your information may be transferred to a third party as part of the business estate.
ConductAtlas has identified this type of provision across 280 platforms. See the full comparison.
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