OpenSea says NFT creators earned $1 billion in royalties this year
Creators selling NFTs on OpenSea collectively earned $1.1 billion this year, with 80% of that amount allocated to collections outside the top 10. Royalties have become an increasingly fractious issue in the NFT space, as businesses fight for market share. Once championed as a prime use case for artists in the NFT space, and a golden egg in the creator economy, what OpenSea dubs "creator fees" are generated through taking a cut on the resale of NFTs on the company's platform. Also known as royalties, they have been hailed as a way for artists to reap recurring benefits as their creations are sold on.
Source
https://t.me/nftsdefifinance
