The Open Metaverse Alliance (OMA3), a consortium of prominent blockchain, NFT (Non-Fungible Token), and metaverse companies, has recently unveiled a working group to standardize and safeguard creator royalties within NFT marketplaces. Creator royalties, typically ranging from 2.5% to 10%, are additional fees attached to secondary sales of NFTs (Non-Fungible Tokens) and are intended to directly ... Read more