OpenSea clarifies: the operator filter applies to both new and existing on-chain enforced royalty NFT collections

2023-02-21 09:19:44

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ChainCatcher news, the NFT trading market OpenSea today clarified its recently announced new policy: the operator filter applies to both new and existing on-chain enforced royalty NFT collections, while for off-chain enforced royalty NFT collections, creator earnings will be optional, with a minimum standard of 0.5%.

It is reported that on February 18, OpenSea announced the launch of a limited-time 0 transaction fee trading and provided an optional royalty service with a minimum standard of 0.5% applicable to all off-chain enforced royalty NFT collections. At the same time, it updated the operator filter to allow NFT markets with the same policy to jointly increase market liquidity. However, the requirements and standards regarding the operator filter were not clear, leading to inquiries from other NFT markets such as LooksRare regarding OpenSea. (source link)

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Opensea operator filter royalty policy

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