OpenSea had previously considered making creator royalty fees optional after several other rival marketplaces had done away with them. OpenSea To Stick With Compulsory Royalties NFT marketplace OpenS...
Tag: royalties
NFT Platform OpenSea to Enforce Royalties With Their New On-Chain Tool
OpenSea announces an on-chain tool to enforce royalties on the platform. Creators have a hard time tracing the royalties on secondary sales. The NFT market was down by more than 5% in the last 24 hour...
Why NFT Artists Shouldn’t Expect ‘Royalties’
Artists have boycotted some exchanges that moved away from royalties. For instance, X2YX has seen trading volume drop from 11,540 ETH on Aug. 26, the day it ditched royalties, to 547 ETH, Decrypt repo...
NFT Marketplace OpenSea Clears Stand on NFT Royalties
14 seconds ago | 2 mins read NFT News The marketplace that facilitated the purchase then pays the creator the royalties. OpenSea explained its policy on NFT royalties in a Twitter discussion. For each...
What Are NFT Royalties And OpenSea’s Stance On This Matters?
NFT royalties are automated payments made to the creators of NFTs on resales of their NFT art pieces. Each NFT’s royalties are encoded in the NFT’s smart contract. When a secondary sale takes place, t...
OpenSea to Introduce Enforcement Tool, NFT Creators will Receive Higher Royalties – crypto.news
OpenSea marketplace broke the silence with a tweet on its approach to NFT royalties as the $13.3 billion startup finally made its move on Saturday night. Many well-known Web3 developers aren’t pleased...
OpenSea launches on-chain tool for enforcement of NFT royalties
OpenSea, the leading non-fungible token (NFT) marketplace that continues to take the initiative to have creators earn royalties on secondary sales as competitors take a different outlook, has announce...
OpenSea announces new on-chain tool for enforcing NFT royalties
Opensea announced its plans on NFT royalties since a rising number of competing markets are refusing to honor NFT creator royalties. The top marketplace had kept mute on the subject, seemingly contemp...
OpenSea plans for NFT creator royalties faces backlash, volume is low
The largest NFT marketplace, OpenSea, incorporated steps to help creators regarding fees and royalties while rival marketplaces cut creator fees or make them optional. Nonetheless, the reception was h...
OpenSea launches new “on-chain” tool to enforce NFT royalties
Nonfungible (NFT) marketplace OpenSea appears to have taken a position in the NFT royalties debate — launching a new “on-chain” tool helping creators enforce royalties. The NFT marketplac...
OpenSea Creates Tool for NFT Creators to Enforce Royalties On-Chain
NFT marketplace, OpenSea has revealed its plan to create a tool to help creators on its platform enforce creator fee payments. It is probably not a new thing whether enforcing or not royalties which h...
Immutable to Boost NFT Creators’ Income using Enforceable Royalties – crypto.news
Immutable has revealed plans to extend enforceable Royalties options across the web3 ecosystem, starting with Ethereum. In a press release, Immutable is set to boost Web3’s budding creator economy by ...
How NFT Royalties Work – and Sometimes Don’t
In an era of artists recouping fractions of a cent on music streams and visual artists lacking any revenue share from the speculative secondary market — NFT royalties were bandied about as a trump car...
Immutable Co-founder on Protecting NFT Creator Royalties
Digital collectibles startup Immutable is doubling down on its layer-2 blockchain scaling solution for NFTs in a bid to better enforce royalty payouts, the company said Friday. It plans to expand how...
Immutable unveils tool to enforce NFT royalties on Ethereum
Immutable is rolling out a product on Ethereum that it says will help enforce the payment of creator royalties. It will work as a community-governed whitelist and blacklist for smart contracts t...
Searching for Alpha: 0xSplits and Forward Protocol
November 3, 2022, 1:14PM EDT • 7 min read Quick Take Searching for Alpha is a series that summarizes under-the-radar protocols that The Block Research team finds interesting. This week’s finding will ...
NFT marketplace says no to opt-in royalties, Visa jumps on World Cup NFTs and more
NFT marketplace says no to optional royalties While nonfungible token (NFT) marketplaces such as Ethereum-based X2Y2, LooksRare and Solana-based Magic Eden have made the switch over to “optional” crea...
LooksRare the latest NFT market to sack royalties, Twitter’s tweeting tiles and more
Nonfungible token (NFT) marketplace LooksRare is the latest in a string of NFT markets to do away with enforcing creator royalties by default, following the likes of Magic Eden and X2Y2. The platform ...
NFT Marketplace LooksRare Makes Creator Royalties Optional
NFT News Solana NFT marketplace Magic Eden took a similar tack earlier this month. LooksRare also said that it will allocate 25% of its protocol fee to authors. With today’s announcement, Ethereum NFT...
LooksRare NFT Marketplace Makes Creator Royalties Optional
The Ethereum-based NFT marketplace has made paying creator royalties optional when trading NFTs, making it the latest marketplace to do so. No More Compulsory Royalties LooksRare is the latest NFT m...
NFT Creators Have Earned $1.8 Billion in Royalties to Date: Galaxy Digital
A new research report out today from Mike Novogratz’s Galaxy Digital found that Ethereum NFT creators have been paid a total of $1.8 billion in royalties from secondary sales on marketplaces like Open...
NFT Creators on the Ethereum Blockchain Have Received Over $1,800,000,000 in Royalties: Galaxy Digital
New research from crypto investment firm Galaxy Digital shows that non-fungible token (NFT) creators on Ethereum (ETH) have received nearly $2 billion in royalties. In a recent blog post, Galaxy Digit...
Ethereum NFT Creators Earn $1.8B in Royalties as per New Report
39 seconds ago | 2 mins read NFT News Yuga Labs, makers of Bored Ape Yacht Club, rake in the highest NFT royalties. Roughly 27% of all Ethereum NFT royalties were distributed to the top 10. The creato...
Could diminishing importance of NFT royalties hamper the NFT market growth
A new report by Galaxy Digital published on 21 October revealed that Ethereum[ETH] NFT creators managed to earn more than $1.8 billion worth of royalties so far. The report also revealed the concentra...
Over $1.8B in Royalties Have Been Paid Out to Ethereum-Based NFT Creators: Galaxy Digital
According to data from Dune Analytics cited in the report, Nike, which acquired digital collectibles startup RTFKT, made $91.6 million in consolidated NFT royalties in comparison. Other real-world bra...
NFT Royalties Top $1.8 Billion: Galaxy Digital
More marketplaces are leaning toward the zero-royalty model Sellers are responsible for paying the artist’s cut for secondary sales To date, Ethereum-based NFT creators have raked in more than $1.8 bi...
Royalties Chaos Shows Ethereum NFT Market ‘More Serious’ Than Solana: Fidenza Artist Tyler Hobbs
In brief Generative NFT artist Tyler Hobbs spoke with Decrypt about recent market shifts regarding honoring creator royalties. Most notable Solana NFT marketplaces have made paying royalties optional,...
Solana’s NFT Marketplace for Opt-in Royalties, Users’ Mixed Views on Twitter
Prominent NFT marketplace over the Solana blockchain Magic Eden seems to have followed X2Y2 as it has changed to an optional royalty model for nonfungible token (NFT) marketplaces. Buyers can choose t...