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Over the past few weeks, the great creator royalties controversy has rocked the NFT world to its core. The result is passionate dialogue sparked as battle lines are drawn, allegiances are forged, and relationships are irrevocably damaged.
Just last week, the market leader, high seas, faced a rude awakening when its creators took a liking to its ambiguous royal stance. But now the platform has embraced this criticism and pledged undying support for its cause. Great benefits for artists.
Update: We continue to apply creator pricing to all existing collections.
Opensea (@opensea) November 9, 2022
OpenSea joins the list of high-profile platforms defending the rights of creators to earn royalties. As such, Nifty Gateway also promises creator loyalty and unwavering support for the artists who depend on them, further cementing their intentions by coordinating the efforts of the open source community to secure artist rewards. Did. Essentially, we are exploring the possibility of blocking the market from opting out of payments by adjusting smart contracts.
In the course of recent development, marketplaces Magic Eden, X2Y2, Blur, and LooksRare have all gone the “optional royalty” path. On the other hand, OpenSea, Nifty Gateway, and Immutable X all continue to honor the terms set by their authors.
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*All investment/financial opinions expressed by NFT PLAZA are based on the personal research and experience of the site moderators and are intended for educational material only. , the product should be thoroughly investigated.
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