Category: Creator Royalty Fees

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Weekend Wrap: $50M NFT platform shutters, OpenSea’s ‘HUGE mistake’ and more

August 21, 2023

The closing of NFT project Recur comes two years after it was valued at $333 million and had the backing of an Ethereum co-founder, the Winklevoss twins and Gary Vee. NFT platform Recur shuts down despite $50M funding round Nonfungible token (NFT) platform Recur is winding down operations despite a highly-anticipated launch less than two…
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Magic Eden defends launch of NFT royalty enforcement tool

September 15, 2022

MetaShield works by enabling creators to flag an NFT or blur the image if the listed or traded NFT bypasses creator royalties. Solana-based nonfungible token (NFT) marketplace Magic Eden has fended off some community backlash following the launch of MetaShield, its new enforcement tool aimed at deterring NFT buyers who bypass creator royalties.  MetaShield, which…
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