Optional Archives

OpenSea Makes Shift To Optional Royalty Model

August 19, 2023 boss

Yuga Labs – creators of the popular Bored Ape Yacht Club (BAYC) NFT collection – has unveiled its plans to cut ties with NFT marketplace OpenSea. This comes as a response to the platform’s proposed shift to an optional royalty system. On Thursday, August 17, OpenSea announced that it is changing its creator fees framework, making royalties optional for new collections after August 31, 2023. The NFT marketplace also disclosed that it would disable the Operator Filter, a feature that enforces creator royalties. According to the announcement, NFT collections that…

OpenSea Goes Zero-Fee, Creator Royalties Optional

February 17, 2023

“This is the start of a new era for OpenSea,” the marketplace said on Twitter. “We’re excited to test this model and find the right balance of incentives and motivations for all ecosystem participants – creators, collectors, and power buyers and sellers.” Source

NFT Marketplace LooksRare Switches to Optional Royalties

October 27, 2022

“The growth of zero-royalty marketplaces has eroded the general willingness to pay royalties throughout the NFT space,” the company explained, adding that its new royalty structure is meant to be “a competitive solution that still benefits creators.” Source

Magic Eden Moves to Optional Royalty Model

October 15, 2022

Solana’s top NFT marketplace is the latest platform to switch to a no-fee model, following in the controversial trend set by X2Y2 and others. Source

‘Bitcoin’s No Longer Optional’ — What Investors Say About Paypal Launching Crypto Services

October 22, 2020 boss

Paypal launching cryptocurrency services has given crypto investors much to think about. While many crypto users view the news as extremely bullish, some point out several areas of concern bitcoin investors should be aware of. ‘Every Major Bank Is Having a Meeting About How To Support Bitcoin’ The news of Paypal launching a service that will enable customers to buy, hold, and sell cryptocurrencies directly from their Paypal accounts has triggered much discussion within the crypto industry. Users will also be able to pay for goods and services at 26…

MetaMask Adds Optional Block of Top Ethereum Decentralized App

September 28, 2018 boss

Cryptocurrency wallet and Ethereum decentralized app (DApp) extension MetaMask has blocked the most popular DApp for Ethereum, 333ETH. The Next Web reported on the block Friday, September 28. 333ETH promises “lifelong” payouts of Ether (ETH) to investors’ wallets via smart contracts upon an initial down payment. The latest in a series of popular Ethereum DApps to attract scam accusations, it is currently ranked the most popular on monitoring site DAppRadar. In comments on Twitter, MetaMask said it had opted to create the block, which it added it would make optional,…