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NFTs News

X2Y2 Keeps Executing Creator Royalties Returns

November 19, 2022 - Around 1 mins mins to read
As a result of X2Y2’s decision to reverse course and make creator royalties optional, numerous other marketplaces have done the same.
image 1528

After being among the first to abandon its royalty obligations, X2Y2 announced that it would henceforth enforce creator royalties on all of the collections offered on its marketplace.

Some NFT creators and marketplaces objected to its “Flexible Royalties” business model because it did not ensure that NFT creators received fair compensation for their works.

The on-chain royalty enforcement tool offered by leading NFT marketplace OpenSea, which prevents collections from being resold on marketplaces that don’t enforce royalties, was mentioned by X2Y2. Most recent collections have chosen this model.

OpenSea opposed optional royalties last week as well, sticking to its policy of enforcing creator royalties across its platform.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News

Creator Rroyalties

OpenSea

x2y2

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
NFTs News

X2Y2 Keeps Executing Creator Royalties Returns

As a result of X2Y2’s decision to reverse course and make creator royalties optional, numerous other marketplaces have done the same.
image 1528

After being among the first to abandon its royalty obligations, X2Y2 announced that it would henceforth enforce creator royalties on all of the collections offered on its marketplace.

Some NFT creators and marketplaces objected to its “Flexible Royalties” business model because it did not ensure that NFT creators received fair compensation for their works.

The on-chain royalty enforcement tool offered by leading NFT marketplace OpenSea, which prevents collections from being resold on marketplaces that don’t enforce royalties, was mentioned by X2Y2. Most recent collections have chosen this model.

OpenSea opposed optional royalties last week as well, sticking to its policy of enforcing creator royalties across its platform.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News

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