Market competition always works in favor of the customer. OpenSea slashes platform fees temporarily to win back NFT customers. Are you going back?
As a reactionary measure, OpenSea announced three major changes to win back its migrating customers. The measures include a 0% fee for a limited time, introducing optional creator earnings and leniency on other operators.2) Moving to optional creator earnings for all collections without on-chain enforcement February 17, 2023
“Recent events – including Blur’s decision to roll back creator earnings and the false choice they’re forcing creators to make between liquidity on Blur or OpenSea – prove that our attempts are not working.” “OpenSea’s current royalty policy prevents collections from being able to earn royalties everywhere. They have cited various reasons for this , but the end result is that creators are limited to earning royalties on only one platform at a time.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Blur Surpassed OpenSea in Daily NFT Trading Volume Wednesday, Nansen ShowsBlur overtook OpenSea in daily trading volume in NFTs on Wednesday for the first time, according to Nansen data. reports
Read more »
OpenSea Goes Zero-Fee, Creator Royalties OptionalAs competition with blur.io heats up, opensea is temporarily removing its marketplace fee, editing its blocklist filters and shifting to a minimum 0.5% creator earnings model. camgthompson reports
Read more »
Blur CEO urges creators to 'block OpenSea'Blur's CEO, known as Pacman, urged creators to block the industry's biggest NFT marketplace, for now.
Read more »
OpenSea makes changes to fees following tension with BlurOpenSea said it was dropping its fee to 0% for a period of time while also moving to a 0.5% “creator earnings model.'
Read more »
eBay NFT platform KnownOrigin launches creator smart contracteBay's KnownOrigin is launching creator smart contracts, allowing artists to split earnings and earn royalties as co-creators.
Read more »
Art Blocks and NFT Gallery Bright Moments Team Up to Bring Generative Art IRL.artblocks_io and brtmoments are launching a new collection which will bring generative art to collectors in the real world in five cities. camgthompson reports:
Read more »