Following OpenSea’s decision, X2Y2 will enforce royalties
A few weeks ago, it appeared that most NFTs were abandoning creator royalties. Even OpenSea considered making them optional. OpenSea maintained royalties due to creator pushback in, and now a competing Ethereum marketplace will do the same.
X2Y2, which debuted this year and had a busy summer, announced today that it will impose creator-set royalties on all NFT collections, including ongoing and new projects.
X2Y2’s Flexible Royalty model allowed creators and collectors to influence how strictly the market enforced royalties. Only artwork and ...