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OpenSea NFT Marketplace Implements Changes to Creator Fees and Royalty Rules – Here's What You Need to Know
18.8.2023
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...
OpenSea unleashes optional creator fees and ends royalty enforcement
18.8.2023
A well-known NFT marketplace, OpenSea, has announced changes to its creator fee structure in an effort to support creators and keep up with the evolving NFT market. OpenSea will no longer require creator fees for newly created collections as of August 31. OpenSea is taking a big step forward,...
NFT marketplace OpenSea to disable royalty enforcement tool
18.8.2023
OpenSea's royalty enforcement tool Operator Filter is going to be turned off, according to OpenSea’s founder and CEO, Devin Finzer
OpenSea to carry on charging creator fees for NFT collections
10.11.2022
OpenSea, the most successful NFT marketplace in terms of volume, has stated that it will continue to enforce creator fees on its platform for any collections that are already in existence. This signifies that the creators of NFT collections currently trading on OpenSea will be allowed to continue...
OpenSea empowers on-chain enforcement of new NFT creator fees
7.11.2022
The year 2018 brought a new space for artists to flourish financially. Non-fungible tokens proved to be an effective way to reach out to everyone across the globe and sell a digital piece of art. However, it experienced a drawback regarding creators’ fees or royalties. OpenSea has resolved...
OpenSea launches new "on-chain" tool to enforce NFT royalties
7.11.2022
Royalty enforcement tool only applies to new NFT collections at this stage, with a decision to be made on existing collections at a later date