royalties
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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
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The Rise of Ethereum NFTs: Paying for the Digital Experience
On April 16th, according to data from the encrypted data website Flipside, Ethereum NFT users have paid over $3.8 billion in royalties, platform fees, and transaction gas fees over
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Solana’s DeGods Opens Migration to Ethereum Network for NFT Holders
According to reports, the Solana ecological PFP project DeGods announced that it had opened up the migration to the Ethereum network for NFT holders. The NFT market Blur subsequent
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Art Blocks Launches Secondary Market and Enforces Secondary Market Royalties
On March 30th, Art Blocks, an NFT platform for generating art, announced that it had launched its own secondary market and would enforce secondary market royalties in response to t
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The Plague of Frogs Announces New Contract and Enforced Royalties for NFT Migration
According to reports, the NFT project The Plague of Frogs announced on official Twitter that it will migrate the new contract and enforce royalties on March 24th. The new NFT will
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Royalties Drive the Growth of NFT Economy
According to reports, Yat Siu, co founder of Animoca Brands, said, “Royalties have helped drive the growth of the NFT economy, and all these innovations have occurred because royalties can be collected.” Animoca Co founder: Royalties make it possible for NFT projects to flourish Analysis based on this information:The statement of Yat Siu regarding the contribution of royalties in the progress of the NFT economy can be interpreted as significant. It elucidates how the royalty system can drive innovation and foster the growth of this emerging market. Royalties incentivize creators to produce quality content as they receive a percentage of earnings every time their works are sold. This also benefits buyers since it ensures that the creators have a vested interest in creating content that would keep the market thriving. Thus, with the royalty system, creators are not just motivated to create for short term gains, but for the long-term sustainability of their products. In addition, royalties have enabled the…
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KnownOrigin to Launch Creator Contract Function for NFT Market on eBay
It is reported that KnownOrigin, the NFT market of e-commerce giant eBay, tweeted that the new creator contract function will be launched on February 24, allow…