Creator royalties have become the hottest topic in the NFT space for the past couple of weeks as many seek to remove it.
New trading platforms like SudoSwap and Yawww ignored royalties to move away from market share from top marketplaces.
After Magic Eden’s shift last month, nearly all Solana trades are done on platforms that don’t require royalties.
Earlier this month, OpenSea said it was considering a move away from creator royalties, following moves by marketplaces like X2Y2, Blur, and LooksRare to make them optional.
However, OpenSea faced significant backlash from creators like Yuga Labs.
Streetwear brand The Hundreds canceled a planned NFT drop on OpenSea following its consideration.
Last week, OpenSea changed its mind and announced it would continue with royalties on all projects: old, new, and those using its blocklist product.
Reference:
Ethereum NFT marketplace X2Y2 will enforce royalties following OpenSea’s ‘brave move’
