8 min
OpenSea Responds to the Creator Resale Royalty Uproar (aka NFTs Hit Rough Water for Creators on the OpenSea) FEARLESS MEDIA: The Future Of Entertainment, Media & Tech
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- Technology
In this special episode, Peter explores leading NFT platform OpenSea's significant recent changes to its resale royalty policy that left many Creators feeling betrayed. Locked in ongoing resale royalties are perhaps THE single most important draw of NFTs to the creative community. Yet, OpenSea changed its rules of the game while the players were still on the field when it announced it was moving to optional creator earnings for collections without on-chain enforcement due to competitive press...
In this special episode, Peter explores leading NFT platform OpenSea's significant recent changes to its resale royalty policy that left many Creators feeling betrayed. Locked in ongoing resale royalties are perhaps THE single most important draw of NFTs to the creative community. Yet, OpenSea changed its rules of the game while the players were still on the field when it announced it was moving to optional creator earnings for collections without on-chain enforcement due to competitive press...
8 min