Cointime

Download App
iOS & Android

OpenSea Will Enforce Royalties for Existing NFT Collections

OpenSea, the leading NFT marketplace by volume, will continue to enforce creator fees on its platform for existing collections. This means that, unlike many exchanges which have made royalties optional, the creators of NFT collections already trading on OpenSea will be able to continue to collect royalties on trades. 

The move comes after the exchange announced on Saturday that it would only collect royalties on new collections that include code that blacklists the sale of the NFTs on competing marketplaces that don’t enforce fees.

NFT
Comments

All Comments

Recommended for you

  • Cointime's Evening Highlights for May 19th

    1.US spot Bitcoin ETFs saw net inflows of $948.3 million this week
  • CryptoPunks Launches “Super Punk World” Digital Avatar Series

    Blue-chip NFT project CryptoPunks announced the launch of "Super Punk World" on X platform, which is the project's first release of 500 digital avatars inspired by the iconic CryptoPunks features and combined with Super Cool World attributes. It is reported that the series may launch auctions in the future, and more details about the collection and auction of this series will be announced soon.
  • Cointime May 3rd News Express

    1. The 133rd Ethereum ACDC meeting: The goal is to complete the devnet within 7-10 days
  • DWF Ventures announces investment in blockchain game developer Overworld

    DWF Ventures announced an investment in Overworld, a chain game developer. Overworld recently announced plans to launch another NFT series, and in addition, Overworld will soon launch the main world arena.
  • UNVEILING THE CELESTIAL MASTERY: TREVOR JONES’ CRYPTOANGELS PROJECT

    Renowned digital artist Trevor Jones, a visionary in the fusion of traditional art with blockchain technology, is set to transcend boundaries with his latest project, CryptoAngels. This ambitious initiative is not merely an art drop; it’s a comprehensive ecosystem encompassing physical and digital realms, games, and a vibrant community engagement, promising to be a cornerstone event in the NFT landscape of 2024.
  • Cointime April 23th News Express

    1. EigenLayer: Deposit limits for all LST tokens will be removed on April 16
  • The Future of Culture is Tokenized

    How Culture Coins could be the future of Crypto.
  • NFT Futures: A New DeFi Primitive for a Cultural Based Asset Class

    NFT Futures apply the same concept of perpetual swaps to NFTs In doing so, it unlocks a more accessible and two-sided trading experience not available before in the NFT spot market. Although it is too early to judge, the potential value propositions offered by NFT futures have the potential to grow in the NFT market.
  • Cointime April 5th News Express

    1.Mystiko.Network Community Sale Completed, Total $11.25 Million in XZK Sold2.Solana Co-founder Responds to the Sharp Increase in Transaction Failure Rates: Patch Coming Soon3.Ethena USDe market value exceeds 2 billion US dollars, setting a new record4.Du Jun, Executive Director and CEO of Xinhuo & Founder of ABCDE: Xinhuo Technology and ABCDE will invest 100 million US dollars to support blockchain companies that promote social development 5.QCP Capital: Bitcoin is expected to return to $70,000 this week, while Ethereum continues to be weak6.bitSmiley Labs officially launches its independent ecosystem plan, bitUniverse, and reveals its OG pass bitDisc-Black Upgraded Priviledges 7.Avalanche Foundation launches ice-breaking plan, focusing on LST track in the first phase and funding 500,000 AVAX 8.SuperRare Expands into Bitcoin Ordinals with Killer Acid's Psychedelic Art Collection 9.A dormant whale address for 8 months deposited 1,100 BTC into Binance10.Meme exchange DerpDEX.com completes multi-million dollar strategic investment, with participation from ABO Digital and others
  • ON–216: NFTs

    Coverage on NodeMonkes, Pudgy Penguins, CryptoPunks, Mad Lads, and NFTs in Safes.