Blur vs. OpenSea: Who Paid More Royalties to Creators in March?
According to reports, Blur paid more royalties to creators in March than OpenSea, reaching $12.6 million, up from $11.2 million in February. In contrast, OpenSea\’s franchise fees h
According to reports, Blur paid more royalties to creators in March than OpenSea, reaching $12.6 million, up from $11.2 million in February. In contrast, OpenSea’s franchise fees have decreased from $17.3 million to $9.9 million.
Data: Blur’s March royalty revenue exceeded OpenSea, reaching 12.6 million US dollars
The world of NFTs (non-fungible tokens) is constantly evolving, and it can be tough to keep track of who’s on top. In March 2022, two of the biggest names in the space, Blur and OpenSea, faced-off in a battle of the royalties. Here’s what you need to know:
What are royalties and why do they matter?
Royalties are payments made to creators every time their NFT is sold on a secondary market. When you buy an NFT, you’re typically only buying the rights to that one piece of digital artwork. If you decide to sell it later on, the original creator is entitled to a percentage of the sale price. Royalties are important because they give artists and other creators an ongoing revenue stream even after their work has been sold.
Blur’s Royalty Push
According to reports, Blur paid more royalties to creators in March than OpenSea, reaching $12.6 million, up from $11.2 million in February. This is a significant increase, and it’s likely due to a push by the company to appeal to creators. Blur has been emphasizing its commitment to artist-focused features, such as the ability to offer “unlockable content” with NFT purchases. This can include things like behind-the-scenes footage or exclusive access to future drops.
OpenSea’s Slump
In contrast, OpenSea’s franchise fees have decreased from $17.3 million to $9.9 million. This is surprising, given that OpenSea is often seen as the go-to marketplace for NFTs. However, the company has faced criticism in recent months for issues such as high gas fees and insider trading allegations. It’s possible that these factors have contributed to a decrease in sales and, by extension, a decrease in royalty payments.
What Does This Mean for NFTs?
It’s always difficult to predict the future of a rapidly-changing industry. However, it’s clear that NFTs are here to stay, and that royalty payments will continue to be a hot topic. As more companies enter the space and compete for creators’ attention, it’s likely that we’ll see even more emphasis placed on artist-focused features and fair compensation.
Conclusion
Overall, it’s fascinating to see how companies like Blur and OpenSea are shaping the NFT landscape. By paying attention to royalty payments and other key indicators, investors and creators can make informed decisions about which platforms to use. As always, it’s important to do your own research and take everything with a grain of salt.
FAQs
1. What are NFTs, and why are they so popular?
NFTs are digital tokens that represent ownership of a unique piece of digital artwork or other media. They’ve gained popularity in recent years due to their potential as a new type of investment, as well as their ability to provide ongoing revenue streams for creators.
2. How do royalties work in the world of NFTs?
Royalties are payments made to creators every time their NFT is sold on a secondary market. They’re an important way for artists and other creators to earn ongoing revenue from their work.
3. What’s next for the NFT industry?
It’s impossible to predict the future of any industry with certainty. However, it’s likely that we’ll see new companies competing for market share, as well as more emphasis placed on artist-focused features and fair compensation for creators.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/15798/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Coinbase experiences massive losses in Q4 2021
According to reports, analysts expect that Coinbase, the largest cryptocurrency exchange in the United States, lost nearly $600 million in the three months end…
-
Bitcoin’s Network Status: Unconfirmed Transactions, Computing Power, and Predicted Difficulty
According to the report, BTC.com data shows that the current number of unconfirmed transactions in the whole network of Bitcoin is 461, the total network compu…
-
The total number of ETH pledges on the current pledge agreement StackWise exceeded 80000
According to reports, according to Dune Analytics data, the total number of ETH pledges on the current pledge agreement StackWise reached 88267.
The total number of ETH pledges on -
Robin Hood Crypto Suspends USDC Trading and Deposits
It is reported that Watcher.guru posted an article on social media saying that Robin Hood, an encryption and stock trading application, announced the suspensio…
-
Why didn’t I know about Bitcoin before? (Why didn’t I buy Bitcoin back then?)
Why didn\’t I know about Bitcoin before? In the early morning today, the price of
-
Boosting Tokyo Stock Exchange with Blockchain Technology: JPX Invests in BOOSTRY
According to reports, JPX, the operator of the Tokyo Stock Exchange, will acquire a 5% stake in BOOSTRY, a blockchain infrastructure company established by Nomura Securities and No
-
Texas Requires Encryption Companies to Prove Adequate Reserves
On April 21st, the Texas House of Representatives passed a bill HB1666 on April 20th, requiring encryption companies to prove that they have sufficient asset reserves. The bill may
-
The Future of Layer1 Blockchains: Emin Gün Sirer Predicts Elimination of Many Players
According to reports, Emin G ü n Sirer, founder and CEO of Ava Labs, said in an interview that in recent years, many Layer1 blockchains have emerged in the crypto ecosystem, but wi
-
On April 25th, Arbitrum Begins Full Distribution of Initial ARB Allocation for DAOs
On April 25th, according to official sources, Arbitrum has begun to fully distribute the initial ARB allocation for DAOs in the ecosystem, and the first batch will be distributed t
-
Cryptocurrency Phishing Attacks Increased by 40% in 2022: Kaspersky Report
It is reported that Kaspersky, a Russian network security and anti-virus provider, revealed that cryptocurrency phishing attacks increased by 40% year-on-year in 2022. The company
-
EOS Network Foundation CEO, Yves La Rose Announces the Release Dates of EOS EVM Final Test and Main Network Beta
On February 28, Yves La Rose, founder and CEO of EOS Network Foundation, tweeted that the EOS EVM final test network was released on March 27 and the main netw…
-
What is Bitcoin
<img src='https://img.doulai.com/pic/enpic.php?k=bitcoinsuse What is ' alt='bitcoinsuse What is images} What is bitcoinsuse Editor’s note: This article is from Babbitt Information (ID: bitcoin8btc), written by Nick Chong, translated and proofread by Min Min&Jian, and published by Planet Daily with authorization A recent study in Switzerland shows that as more and more companies and individuals turn to Bitcoin based investment products for investment, investors are looking for different investment methods to achieve their desired goal – to gain income or profits by investing in Cryptocurrency, blockchain technology, stocks and other asset classes However, according to Bitcoin Suisse’s website, the company has provided a new structure that will allow customers to hold Bitcoin and other tokens through their accounts. This method, known as “Bitcoinsuisse,” provides banks with a protected environment where users can choose their own assets as collateral for investment. If a company does not have sufficient funds to support this transaction, it must stop operating and pay interest in order to…
-
What does coin circle mean (what does coin circle mean on WeChat)
What does a coin circle mean? It is a virtual currency composed of an entity or a string of codes, representing a specific price with a certain quantity of characteristics in numerical form. In the world of blockchain, people can use these digital forms to purchase items or engage in transactions. Because blockchain is a point-to-point Electronic cash system, its price volatility is very high (such as Bitcoin) Therefore, it can be said that the term ‘coin circle’ has a wide range of uses. (Coinelegraph) What does Coincircle mean by WeChatIn Coincircle, WeChat means sending money to a project called “blockchain” For example, if you buy a thing with Bitcoin, and then go to buy it, you can become a trading platform or an exchange. This process is completely transparent and searchable, but you need to go through two processes to operate: the first step is to enter your mobile phone number and bank card number from your Alipay account…
-
Why is the premium rate of Litecoin so high (why has Litecoin failed to rise recently)
Why is the premium rate of Litecoin so high Litecoin is one of the Cryptocurrency with the highest listed value in the market at present, and its total circulation exceeds 1 million. Although its price has been fluctuating recently, it has not attracted people’s attention. So why is the premium rate so high? Because it is the most prominent form of mainstream digital assets such as Bitcoin. According to CoinMarketCap, since May, the price of Litecoin has risen from $3 to nearly $9. Although it fell by more than 90% when it reached the highest level in history on April 1, Litecoin still maintained an increase of more than 50% Litecoin is an ERC-20 token based on the Ethereum blockchain, which is highly scalable, easy to use and decentralized. Unlike most other Cryptocurrency, the token is designed as an investment vehicle similar to the stock market. Due to its network effect (i.e. by incentivizing liquidity in the market), it enables…
-
What is omgusd (what does odd ones mean)
What is omgusd? Omgusd is a decentralized transaction protocol based on blockcha
-
Understanding the Importance of Community Votes in the Arbitrum Ecosystem
According to reports, Patrick McCorry, an employee of the Arbitrum Foundation, stated in a forum post earlier Sunday that the Arbitrum ecosystem\’s first community vote on everythin