OpenSea to enforce creator royalties on all NFT collections
In response to creators’ uproar, OpenSea non-fungible tokens marketplace has declared that it will continue to impose creator royalties across all NFT collections moving forward. OpenSea announced on November 7 that they would be developing an on-chain tool that would allow producers to enforce royalties for new collections on the platform, but did not offer […]
BAYC founders suggest new model for NFT creator royalties
The Bored Ape Yacht Club (BAYC) founders offered their opinion on the continuing non-fungible token (NFT) creator royalties issue and suggested a potential course of action that, in their opinion, best addresses the problem. Co-founders Greg Solano, Kerem Atalay, and Wylie Aronow of BAYC wrote in a blog post dated Nov. 8 that they see creator royalties […]
OpenSea releases “on-chain” mechanism to impose NFT royalties
The CEO of OpenSea announced the debut of a new tool in the marketplace that will enable authors to deliver “on-chain enforcement” of their royalties. OpenSea, a nonfungible (NFT) marketplace, appears to have weighed in on the issue of NFT royalties by introducing a new “on-chain” tool to assist producers in enforcing royalties. While other […]
OpenSea To STOP Scammers From Flipping Stolen NFTs
OpenSea has said it will stop selling NFTs that it thinks have been stolen. This is to stop scammers and hackers from selling tokens they got illegally. In a blog post on Wednesday, the company said it is “starting to test a new system” that will mark NFTs involved in suspicious transactions as “under review” […]
NFTs In ‘High demand’ As Unique Traders Increase By 18%
Although NFT trading volumes and sales counts decreased during October, according to a DappRadar, the number of monthly unique traders rose. Nonfungible Token (NFT) trading volume and sales may have decreased in October, but analytics company DappRadar claims an increase of 18% in monthly unique NFT traders demonstrates the market is still in “high demand”.DappRadar […]