CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
cryptonews 2023-08-18 18:00:00

OpenSea NFT Marketplace Implements Changes to Creator Fees and Royalty Rules – Here's What You Need to Know

The major non-fungible token (NFT) marketplace OpenSea has implemented changes that makes creator fees optional for new collections. Specifically, the OpenSea said it would retire the Operator Filter, which functioned as an enforcement tool for creator royalties on the platform. Instead, OpenSea will now move to optional royalties for all NFT sales on the secondary market, meaning the ordinary market where NFT collectors and traders sell to each other.... Read More: OpenSea NFT Marketplace Implements Changes to Creator Fees and Royalty Rules – Here's What You Need to Know

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.