The leading NFT marketplace operator is going off-trend.
on the premise that it was poor business in a market defined by sapped trading volumes and substantial decline in prices.Starting Nov. 8, OpenSea will enforce creator fees for new Ethereum NFT collections, the firm's CEO and founder Devin Finzer announced Saturday.
The very code that would empower creators would also limit owners from selling their wares on certain venues.: The code Ethereum NFT creators can insert into their newly created collections' smart contracts bar them from being traded on other NFT marketplaces that don't enforce royalties. Since so many other NFT marketplaces have decided to go to zero royalties or make them optional on their respective platforms, OpenSea's code seems to point to more closed doors than open ones.
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