According to ChainCatcher news, the NFT God Mode dashboard from Nansen shows that the on-chain royalty revenue for BAYC on Ethereum has exceeded $58 million, Otherdeed for Otherside has surpassed $52 million, Azuki has exceeded $43 million, and Pudgy Penguins has surpassed $7.2 million. (source link)

ChainCatcher news, the NFT platform Art Blocks tweeted that to address the issue of weakened creator royalties, it has launched its own secondary market that will enforce secondary market royalties. The creation of this feature on the website aims to solve three pain points: security, authenticity, and royalties. Users can utilize this feature on the latest Curated version.In addition, Art Blocks stated that its secondary market is built on the battle-tested Seaport protocol, while aggregating other markets with Reservoir, ensuring user security and obtaining the best prices. (source link)

ChainCatcher news, Animoca Brands co-founder Yat Siu stated that royalties help drive the growth of the NFT economy, and all innovations occur because royalties can be collected. Yat Siu emphasized at the NFT Paris conference that Animoca Brands values Web3 creators' rights and royalties. Siu mentioned that without royalties, there wouldn't be enough funding in the ecosystem to support project innovation, and if royalties were abolished, the industry would ultimately regress.Currently, Animoca Brands is seeking to establish NFT infrastructure in Saudi Arabia, attempting to do so through the Saudi Arabian NFT market Nuqtah. According to the crypto data platform RootData, Nuqtah announced the completion of its seed funding round on March 16, led by Animoca Brands, with participation from Polygon and others. (Source link)

ChainCatcher news, according to Decrypt, Animoca Brands co-founder Yat Siu stated that creator royalties provide a continuous source of income for NFT projects beyond their initial sales (typically charging 5% to 10% upon token resale), but currently, many companies are being led astray at the expense of creators in order to capture market share.Siu reportedly described royalties as an essential component of the creator economy, and reducing royalties for creators in the NFT space would erode the existing culture of that space, causing more harm to the digital asset industry than benefits. (source link)

ChainCatcher news, the NFT trading platform Blur announced that it will implement a minimum royalty on immutable NFT collections starting from January 3rd, 4:00 AM Beijing time. Additionally, Blur will airdrop BLUR tokens to creators of NFT collections traded on Blur, with the snapshot already completed.It is reported that Blur will initially implement a minimum royalty of 0.5% on immutable NFT collections, which will gradually increase over time (starting at 0.5%, then 1%, 1.5%, 2%, etc.). Blur stated that most of the BLUR tokens will be allocated to the community, including traders, collectors, and creators. Blur will continue to charge 0% market fees. (source link)

ChainCatcher news, Immutable is launching a community-managed whitelist and blacklist tool on Ethereum to enforce creator royalties. The product has been used on the Ethereum Layer2 solution NFT platform ImmutableX. The lists are controlled by IMX token holders. Immutable's co-founder Robbie Ferguson stated last month that NFT royalties are guaranteed on ImmutableX. (source link)

ChainCatcher news, according to The Block, a new report from Galaxy Digital's research department showcases key data on NFT royalties. Ethereum-based NFT projects have generated $1.8 billion from NFT royalties, with the top 10 projects accounting for 27% of all royalties. While NFT royalties also benefit smaller artists, the primary beneficiaries are top NFT projects, such as Bored Ape Yacht Club and companies like Nike.The top 10 NFT projects netted $489 million, representing 27% of all royalty revenue. Yuga Labs' Bored Ape Yacht Club, Mutant Ape, and other projects generated $147.6 million in royalties, followed by Art Blocks with $82 million in royalties. Nike earned $91.6 million from NFT royalties. (source link)