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NFT Marketplace Blur updates royalty policy, creators cannot earn royalties on Blur and OpenSea at the same time

2023-02-16 08:51
BlockBeats news: On February 16th, NFT Market Blur updated its royalty policy. Creators cannot earn royalties on Blur and OpenSea at the same time, but can only earn all royalties on OpenSea or Blur separately. There are four main situations involved: 1. No Block, if the collection does not use the Block, it will not be possible to prohibit the zero royalty or optional royalty market, in which case Blur will impose a 0.5% royalty and OpenSea an optional royalty; 2. Block Blur, any NFT project that bans Blur or other zero royalty/royalty optional markets will be subject to royalty enforcement on OpenSea, but transactions can still be made on Blur, subject to a minimum 0.5% royalty charge; 3. Blur recommends not using OpenSea. Blur expects creators not to use OpenSea, and full royalties will be enforced on Blur for any NFT project that does not use OpenSea; 4. Blur has requested OpenSea to remove the option to set optional royalties for NFT projects on Blur. If OpenSea removes this policy, the NFT project will be able to collect royalties on both platforms at the same time. Currently, NFT project creators cannot collect royalties on both Blur and OpenSea. They can only collect all royalties on either OpenSea or Blur, but not both.
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