NFT behemoth Yuga Labs said it would take a 5% royalty fee on secondary sales of Meebits NFTs.
Yuga Labs said via Meebits' Twitter account late Thursday that it will begin taking a 5% royalty fee on secondary sales of the pixelated non-fungible tokens , beginning"Behind the scenes, we’ve been hard at work — lurking, discussing, experimenting, building, mumbling about voxels in our sleep," the company wrote."We’ve also put together an incredible team for the Meebs, including some brilliant creative thinkers and some die-hard Meebits community members.
earlier this year alongside the CryptoPunks collection. Of its headline collections, Bored Ape Yacht Club and Bored Ape Mutant Club currently charge a 2.5% royalty. Otherdeeds, the NFT connected to the Otherside virtual land plots, charges 5%. At the time of the sale, the company wrote:"By handing over these rights, we’re further aligning CryptoPunks and Meebits with the web3 ethos, and we expect a wide-range of third party developers and community creators to incorporate CryptoPunks and Meebits into their web3 projects. We’ll be building the overall brand right alongside them."
Source: News Formal (newsformal.com)
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