Magic Eden follows OpenSea with NFT royalty enforcement tool
Magic Eden, a Solana-based nonfungible token (NFT) marketplace, has become the latest platform to release a tool allowing creators to enforce royalties on their collections. It follows the announcement of a similar tool from rival NFT marketplace OpenSea in early November. According to a Dec. 1 statement, the open-source royalty enforcement tool is built on […]
ApeCoin geo-blocks US stakers, two Apes sell for $1M each, marketplace launched
United States-based ApeCoin (APE) holders could miss out on staking rewards after the U.S. was added to a list of regions geo-blocked from using an upcoming APE staking service. Blockchain infrastructure company Horizen Labs, which is building the site on behalf of the ApeCoin decentralized autonomous organization (DAO), revealed the news in a Nov. 24 […]
Nifty News: Chinese firms to offer World Cup metaverse viewings, X2Y2 backtracks on royalties, and more
Chinese firms bet on ‘Metaverse-like’ experiences for FIFA World Cup China-based technology companies are reportedly working on tech that would give Chinese soccer fans the ability to watch the FIFA World Cup within the Metaverse. The efforts are part of a five-year plan released by the Chinese government in early November to boost the capabilities […]
Bored Apes founders propose new model for NFT creator royalties
The founder of Bored Ape Yacht Club (BAYC) has weighed in on the ongoing non-fungible token (NFT) creator royalties debate and shared a potential path forward that they believe best deals with the issue. A Nov. 8 blog post from BAYC co-founder Wylie Aronow — co-signed by co-founders Greg Solano and Kerem Atalay — shared […]
Nifty News: LooksRare the latest NFT market to sack royalties, Twitter’s tweeting tiles, and more
Nonfungible token (NFT) marketplace LooksRare is the latest in a string of NFT markets to do away with enforcing creator royalties by default following the likes of Magic Eden and X2Y2. The platform tweeted on Oct. 27 that it would not be supporting creator royalties by default, instead choosing to share 25% of its protocol […]
Recur raises $5 million for perpetual cross-platform NFT royalties
Can a new non-fungible token (NFT) platform finally solve the problem of ecosystem-wide royalties? NFT platform Recur announced on Thursday a $5 million seed round led by the DeFi Alliance, Delphi Digital, Ethereum co-founder Joe Lubin, and Gemini, among others. The raise claims a number of notable superlatives, including the first seed investment in the […]