OpenSea, the most prominent NFT marketplace, has declared that despite strong community resistance, it would continue to demand creator royalties on NFTs. Following a spate of competing marketplaces that had either rejected such fees or made them optional for traders to pay, OpenSea said on Saturday that it was reviewing
For each time one of an artist’s NFTs is resold, the creator receives a royalty payment. The royalty rates for each NFT may be found in the contract that governs the NFT. The smart contract will distribute a portion of the creator’s requested royalties to the secondary market when a
VF-22 race cars of Haas F1 Team will include the Opensea logo. The racing organization expected increased participation from its audience. For Haas F1, NFT marketplace Opensea will mint a set of NFTs. Haas, the only American F1 team, made the announcement on Thursday. The racing organization claimed that their
OpenSea monitors for suspicious contract functionalities and behaviors. This tool will automatically check any user-entered links on the marketplace. Because of the immutability of blockchain transactions, theft has become a serious problem in the NFT industry. With attacks stealing millions of dollars’ worth of assets from unwary collectors. Moreover, the
The government claims Chastain unlawfully benefited from the sale of NFTs. OpenSea decided to end its partnership with Chastain after learning about the probe. A former employee of NFT marketplace OpenSea was unable to persuade the court. To dismiss the allegations against him, allowing his trial to go forward. Wire
OpenSea, the world’s largest peer-to-peer marketplace for NFT on Ethereum added NFTs from the Avalanche blockchain to its marketplace. Avalanche joins the other six supported chains, including Optimism, Solana, Arbitrum, Klaytn, and Polygon. Last month, OpenSea saw traded volume worth almost $350 million in Ethereum NFT. GM🔺! We’re excited to
Brian Roberts, the chief financial officer (CFO) of NFT marketplace OpenSea, has left his position less than a year after joining, according to a Friday update on his LinkedIn profile. The resignation made him the most prominent Web3 executive to exit during the bear market. As the CFO of OpenSea,
Logan Paul, a well-known American YouTuber, made news last year after paying $623,000 for Azuki’s ‘Bumblebee’ NFT. The Azuki NFT collections are valuable assets since they include 10,000 hand-drawn avatars that are unique from other digital artworks. And the price has reduced as of 2022, and the Azuki NFT has
Despite fall, the number of total traders has not decreased nearly as much. The trade volume for Bored Apes was 3,634 ETH in the last week. From January to September of this year, trade volume for NFTs fell from $17 billion to just $466 million, according to data stored on
OpenSea had to cope with an email data breach and the delisting of BAYC NFTs in June. Azuki’s floor price hardly budged from the time of the delisting fiasco. Many of the Azuki NFTs that were delisted yesterday on the leading NFT marketplace OpenSea have been reinstated. After the marketplace
