Saturday, 19 August, 2023

OpenSea Halts Support for Royalty Fees on BayC NFTs

OpenSea, a popular NFT marketplace, has announced that it will no longer support the automatic payment of creator royalty fees for BayC NFTs. This decision comes after concerns were raised about the complexity of royalty calculations and potential legal implications. While OpenSea plans to develop alternative ways for creators to receive royalties, the change signifies the evolving landscape of NFT platforms and the challenges they face in implementing fair compensation for creators.