ChainCatcher news, according to The Block, the liquidity token hedge fund Split Capital announced on Monday that it has submitted a governance proposal to Blur, suggesting that the NFT marketplace adopt a new trading fee structure of 0.5% while eliminating the 0.5% creator royalty.The proposal states: "So far, the market fee for the Blur NFT marketplace protocol is 0%, while enforcing a minimum creator royalty of 0.5%. We propose to eliminate the enforced creator royalty and introduce a 0.5% protocol fee for each transaction."Split Capital also stated: "We also propose the establishment of a fee committee that can change the protocol fee rate to quickly adjust according to market conditions and competitive landscape."

ChainCatcher news, the NFT project y00ts announced on social media that starting tomorrow, the project will enforce a royalty policy in collaboration with Magic Eden. 100% of the royalties will be used for two things: purchasing y00ts and providing X badges for y00ts creators. Once the Magic Eden ETH marketplace goes live, y00ts will not be tradable on marketplaces that do not enforce royalties.This morning, Yuga Labs announced on social media that the new Magic Eden Ethereum marketplace, in collaboration with Magic Eden, will launch tomorrow. It is said to be the first major marketplace launched in partnership with creators, featuring custom pages for collectors, loyalty rewards, and a contractual obligation to honor creator royalties.Additionally, starting February 27, Yuga Labs will stop supporting marketplaces that do not support all creator royalties, and collectibles with royalty filters will only be traded on marketplaces that respect the agreement and pay royalties to all creators.

ChainCatcher news, OpenSea's official Twitter announced that it will transfer ownership of the on-chain creator royalty enforcement tool Operator Filter Registry to a multi-signature controlled by the "Creator Ownership Research Institute (CORI)" before January 2, 2023. Currently, the on-chain creator fee enforcement optional tool Operator Filter is in version 1, and version 2 will first decentralize the management and governance of the Registry, initially by granting control to CORI. CORI's mission is to govern the existing Operator Filter Registry and its related rules in a public and transparent manner, and in the future, it will focus on developing improved mechanisms for enforcing creator fees.It is reported that the Creator Ownership Research Institute (CORI) was initially created by ZORA, OpenSea, Manifold, Foundation, SuperRare, and Nifty Gateway, aiming to fund and create improved mechanisms for creator ownership tools and to manage these tools transparently. (Source link)

ChainCatcher news, the Solana ecosystem NFT marketplace Magic Eden announced that starting from December 2, Magic Eden will launch a protocol that will impose royalties on all new collections that choose to use this tool.In addition, the new protocol also offers dynamic royalties, which outline the relationship between NFT sale prices and royalty amounts based on a linear price curve, as well as customizable token transferability, allowing creators to gamify the trading behavior rules of their collections. After the launch, the platform will host a free "Magic Mint" for users to test the Open Creator Protocol and its features. (source link)

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)