OpenSea: Will continue to charge creator royalties on all existing NFT transactions

2022-11-10 10:57:58

Collection

ChainCatcher news, OpenSea officially announced that collectors are increasingly inclined to trade NFTs in no-royalty NFT markets to maximize their income during the bear market. Last week's data showed that nearly half of the transaction volume of the top 20 NFT collections did not pay royalties.

OpenSea stated that it chooses to continue charging creator royalties for all existing NFT collections, which can assist creators in enforcing royalties through on-chain mechanisms. It suggests that creators establish more incentives for the community and refuses to link from project official websites to no-royalty NFT markets.

OpenSea also mentioned that it will publicly share creator fee data in the coming weeks and will provide more updates on creator-related technologies and tools later this week. (source link)

Related tags

OpenSea NFT

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.