Yuga Labs, creator of Bored Ape Yacht Club (BAYC), is gradually ending OpenSea support due to the removal of the on-chain royalty enforcement tool Operator Filter. OpenSea’s tool ensured creators receive royalties for secondary NFT sales. Yuga Labs aims to complete the transition by February 2024 in alignment with OpenSea’s approach. This move to protect creator royalties received positive feedback from the BAYC community and other NFT projects like Forgotten Runes Wizards Cult and Pudgy Penguins. The decision highlights the ongoing debate in the NFT community regarding creator royalties, with some favoring cheaper trading models while others emphasize royalty compensation.
Kwenta and Perennial Kickstart Arbitrum Expansion with 1.9M ARB
Grand Cayman, Cayman Islands, July 26th, 2024, Chainwire Kwenta, the leading onchain perpetuals exchange on the Optimism network, has partnered...