The marketplace for blockchain MMORPG Outer Ring has received a new update that introduces a new measure in an effort to combat malicious behavior and front-running.

Update Details

Specifically, the team has implemented a 1-minute cooldown for NFT transactions that should help in combating malicious users, as the new owner of the purchased NFT now has to wait 1 minute before being able to sell the asset. By adding this measure, nobody can instantly buy and sell assets, thus combating the issue of front-running while having practically no detrimental impact to users who legitimately interact with the marketplace.

The announcement still recommends the community to take any self-protection measures while trading on the dApp. In the official post, they suggest avoiding the use of a spending limit that is higher than the price you’d like to pay for a certain item when using popular decentralized wallets such as MetaMask. This is because malicious users can track your spending limits, and if they find that you have a high balance that is way above the asset’s value, they could try to exploit you by using a script to buy the NFT before you do using a high gas price, in order for them to then list it on sale for a higher price. This then leads to you unknowingly buying the NFT you were interested in for a much higher price than you thought you would. That’s why the new update was pushed out, in order to try and combat this problem of front-running, but as always in the world of crypto, it’s necessary to do everything on your side that you can to stay vigilant and safe.