Rarible’s RARI Foundation taps Arbitrum for royalty-embedded EVM chain
Rarible has cemented its commitment to NFT royalty enforcement by launching a testnet for an EVM-compatible chain with embedded royalties on the node level.
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NFT marketplace Rarible sees uptick after commitment to royalties
NFT aggregator Rarible said by October it would cut off aggregate orders from competitors that don’t enforce royalties, such as OpenSea.
Yuga Labs to wind back from OpenSea over its axing of royalty enforcements
Yuga Labs said it will start winding back OpenSea support for “all upgradable contracts and any new collections” following the announcement from the NFT marketplace.
What are NFT royalties, and how do they work?
NFT royalties refer to the percentage of sales or transactions of a nonfungible token (NFT) that are paid to the original creator or owner of the NFT.
Nifty News: Royalty-enforcing NFTs a ‘new asset class,’ South Korea buys NFTs with CBDC, and more
The CEO of NFT marketplace Magic Eden said NFT creators “need a sustained revenue model” and with “no way” of currently enforcing royalties a “new asset class” could emerge to…
Nifty News: OpenSea adds Avalanche, Meta has legs, DeGods takes 0%, and more…
Solana NFT project DeGods has removed royalty fees and Zuckerberg says Meta is looking at an open Metaverse as a new VR headset rolls out.