OpenSea Again Changes Course on NFT Royalties After More Creator Pushback
Leading NFT marketplace OpenSea recently took action on royalty fees, releasing a tool that creators can use to ensure that newly launched NFTs can’t be traded on platforms that reject royalties. But the approach and implementation didn’t sit right with everyone.
Creator royalties are fees that are associated with the sale of NFTs, typically set between 5% and 10% of the sale price, paid by the seller to the creators of a given NFT project. For projects that generate significant trading volume, these fees can be a substantial source of revenue. And the rejection of these fees in recent months from NFT traders and most marketplaces has threatened that revenue.
Source
https://t.me/Metaverse_Nfts_Web3
