The NFT market Blur updates its royalty policy, involving four situations including the enforcement of full royalties for NFTs not using OpenSea

2023-02-16 08:39:57
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ChainCatcher message, the NFT market Blur updates its royalty policy, mainly involving four situations: 1. No block, if the collection does not use Block, it will not be able to prohibit zero royalty or optional royalty markets. In this case, Blur will enforce a 0.5% royalty, while OpenSea will have optional royalties; 2. Block Blur, any NFT project that prohibits Blur or other zero royalty / optional royalty markets will have royalties enforced on OpenSea, but transactions can still occur on Blur, requiring a minimum 0.5% royalty;

  1. Blur recommends not using OpenSea, Blur hopes creators will not use OpenSea, any NFT project that does not use OpenSea will have full royalties enforced on Blur; 4. Blur requests OpenSea to cancel the setting of optional royalties for NFT projects on Blur. If OpenSea cancels this policy, NFT projects will be able to collect royalties on both platforms simultaneously. Currently, NFT project creators cannot collect royalties on both Blur and OpenSea at the same time; they can only collect full royalties on either OpenSea or Blur, but not both. (source link)
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