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    Vikshita Vitthal Gujaran in NFT Updates

    07-Nov-2022 11:04 AM


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    OpenSea launches on-chain tool to enforce NFT royalties

    Nonfungible (NFT) marketplace OpenSea appears to have taken a position in the NFT royalties debate — launching a new "on-chain" tool helping creators enforce royalties.
    OpenSea (@opensea) November 6, 2022 Finzer described the tool as a "simple code snippet," which allows creators to enforce royalties on new and future NFT collection smart contracts, and existing upgradeable smart contracts.
    Finzer also said OpenSea will enforce royalties for new collections using an on-chain enforcement tool, but won't do so for new collections that don't opt-in.
    There has to be give and take with these things.
    Recognizing you are making a (unavoidable) change that harms your audience but also simultaneously presenting a solution. —
    Although later noted, “I look forward to reading more concrete communication from them soon in regards to proposed strategies.”

    Source - Coin Telegraph
    #opensea #nft #crypto