OpenSea Retaliates Against Royalty Circumvention

November 8, 2022, 1:06PM EST

• 5 min read

Quick Take

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On Saturday, OpenSea announced the launch of an on-chain royalty enforcement tool that is aimed at re-establishing royalty payments as the norm for creators.
The NFT juggernaut has generated $1.1bn in royalty payments for creators since the beginning of the year.
With an average realized royalty fee of 5.46%, the platform outshines its competitors.

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Source: https://www.theblockresearch.com/rapid-insights-opensea-retaliates-against-royalty-circumvention-183750?utm_source=rss&utm_medium=rss