Earnings from NFT royalties hits two-year low: Nansen

📆 5/07/2023 1:27 p. m.
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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.

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