NFT marketplace OpenSea will disable its royalty enforcement tool, a feature that enables creators to blacklist NFTs that don’t enforce royalties.
Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights.
In this week’s newsletter, read about the newly-launched decentralized social media platform Frend.tech, which has gained over 100,000 new users since its launch.platform announced it would disable its on-chain royalty enforcement tool, and Bitcoin Ordinals NFT trading volume has plunged 98% since May.Friend.
While many crypto industry heavyweights have praised the app for bringing thousands of people on-chain and inspiring sign-ups from even non-crypto figures — such as gaming YouTuber Faze Banks and Russian protest group Pussy Riot — some have warned it’s at risk of burning out.NFT marketplace OpenSea is sunsetting its on-chain royalty enforcement tool — Operator Filter — which allows creators to blacklist NFT marketplaces that don’t enforce royalties. The change is set to take effect on Aug.
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