News Formal

Earnings from NFT royalties hits two-year low: Nansen

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The diminished residual returns for NFT creators comes amid lowest-ever floor prices among blue-chip NFT projects.

Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Earnings from NFT royalties hit their lowest volume since 2021, according to crypto data firm Nansen.

"OpenSea had been the dominant platform for distributing royalties to NFT projects until February 2023," Nansen stated in a new report on NFT royalties. It added that the landshape shifted when Blur introduced requirements for royalties and OpenSea adapted its policies."Currently, OpenSea and Blur are on par with each other when it comes to the royalties paid through their respective marketplaces, with more royalties paid on Blur when the trading volume surges," it noted.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 464. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Three Arrows Founders to Donate Future Earnings to Creditors in Spirit of 'Karma'The hedge fund that filed for bankruptcy last year has been roasted by victims and crypto-industry observers in the wake of its epic collapse, but one partner, Kyle Davies, says 'karma' motivates the founders to give back.
Source: CoinDesk - 🏆 291. / 63 Read more »