NFT upstart Blur outstrips OpenSea in creator royalty payments
The surge in royalty payments follows a new policy issued by Blur that states creators are to delist their NFTs from OpenSea.
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The surge in royalty payments follows a new policy issued by Blur that states creators are to delist their NFTs from OpenSea.
Read more (2 min) →Wash trading has been common in the NFT market with some reports alleging that, at the peak of the NFT bull market, it made up 80% of sales.
— Bored Apes, Crypto
ENS domains made more than 2,305 ETH ($3.8 million) on OpenSea while Bored Ape Yacht Club dipped 40% on the previous week's sales.
NFT theft on OpenSea continues despite stern warnings so the company is overhauling its terms of service and threatening legal action.
The database tracking oppressed Uyghurs in China has changed its copyright license after its images were used to create a series of NFTs.
OpenSea is now valued at $13.3 billion after a fresh funding round, meaning the NFT market is worth more than exchanges Kraken and Gemini.