{"id":877,"date":"2022-11-20T16:31:22","date_gmt":"2022-11-20T16:31:22","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2022\/11\/20\/x2y2-nft-marketplace-will-now-enforce-royalties-too\/"},"modified":"2022-11-20T16:31:22","modified_gmt":"2022-11-20T16:31:22","slug":"x2y2-nft-marketplace-will-now-enforce-royalties-too","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2022\/11\/20\/x2y2-nft-marketplace-will-now-enforce-royalties-too\/","title":{"rendered":"X2Y2 NFT Marketplace Will Now Enforce Royalties Too"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span data-preserver-spaces=\"true\">In recent months, there has been a massive debate about NFT royalties, and now, the X2Y2 NFT marketplace has also made an enormous decision. Moving forwards, the Ethereum NFT marketplace will enforce creator-set royalties, ensuring artists are rewarded for their hard work. The news follows a recent <a href=\"https:\/\/nftevening.com\/what-is-opensea-a-guide-to-the-most-popular-nft-marketplace\/\" target=\"_blank\" rel=\"noopener\">OpenSea<\/a> decision to continue with creator-set royalties after they announced they were considering making royalty fees optional.<\/span><\/p>\n<figure id=\"attachment_85015\" aria-describedby=\"caption-attachment-85015\" style=\"width: 1080px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-85015\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/Whats-the-X2Y2-NFT-marketplace.webp\" alt=\"image of the X2Y2 NFT marketplace logo royalties\" width=\"1080\" height=\"1168\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/Whats-the-X2Y2-NFT-marketplace.webp 1080w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/Whats-the-X2Y2-NFT-marketplace-277x300.webp 277w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/Whats-the-X2Y2-NFT-marketplace-947x1024.webp 947w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/Whats-the-X2Y2-NFT-marketplace-768x831.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/Whats-the-X2Y2-NFT-marketplace-52x56.webp 52w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/Whats-the-X2Y2-NFT-marketplace-150x162.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/Whats-the-X2Y2-NFT-marketplace-450x487.webp 450w\" sizes=\"(max-width: 1080px) 100vw, 1080px\"\/><\/noscript><figcaption id=\"caption-attachment-85015\" class=\"wp-caption-text\">X2Y2 has announced it will enforce NFT creator royalties.<\/figcaption><\/figure>\n<h2><span id=\"NFT_marketplace_X2Y2_announces_creator-royalties_are_here_to_stay\"><span data-preserver-spaces=\"true\">NFT marketplace X2Y2 announces creator-royalties are here to stay!<\/span><\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Just last month, it looked like the end of NFT creator-royalties. OpenSea announced they were considering making them optional, and LooksRare confirmed it was scrapping them entirely.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">A month later, and following huge backlash from the NFT community, it looks like NFT creator royalties are here to stay.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In a Twitter thread, X2Y2 declared that they will enforce creator royalties. Previously, they used a \u2018flexible royalty\u2019 model. This provided different royalties depending on projects and the input of creators and collectors on the NFT marketplace.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">@the_x2y2 tweeted, \u201c<\/span><em><span data-preserver-spaces=\"true\">We may have a different view on the best way of handling royalties with OpenSea, yet we respect the code. With OpenSea risking its market share and taking a brave move to defend royalties, they have our respect!\u201d<\/span><\/em><\/p>\n<h2><span id=\"OpenSea_has_a_considerable_influence_on_the_NFT_marketplace\"><span data-preserver-spaces=\"true\">OpenSea has a considerable influence on the NFT marketplace!<\/span><\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">OpenSea is the world\u2019s biggest and most influential NFT marketplace, with 48% of all NFT sales. This has recently declined from previous highs of around 90% in February, but they remain #1 in NFT sales volume.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As a relatively <a href=\"https:\/\/x2y2.io\/\" target=\"_blank\" rel=\"noopener\">new NFT marketplace<\/a>, X2Y2 is already doing exceptionally well. They currently share around 22% of the Ethereum NFT marketplace in volume. Now, X2Y2 wants to focus on rewarding the creators who make the space possible and will enforce <a href=\"https:\/\/nftevening.com\/opensea-bows-to-nft-community-pressure-on-creator-royalty-fees\/\" target=\"_blank\" rel=\"noopener\">NFT creator royalties.<\/a><\/span><\/p>\n<div class=\"bottom-text__wrapper post-content\">\n<p>\u00a0<\/p>\n<hr\/>\n<p><em>All investment\/financial opinions expressed by NFTevening.com are not recommendations.<\/em><\/p>\n<p><em>This article is educational material.<\/em><\/p>\n<p><em>As always, make your own research prior to making any kind of investment.<\/em><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/nftevening.com\/x2y2-nft-marketplace-will-now-enforce-royalties-too\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In recent months, there has been a massive debate about NFT royalties, and now, the X2Y2 NFT marketplace has also made an enormous decision. Moving forwards, the Ethereum NFT marketplace will enforce creator-set royalties, ensuring artists are rewarded for their hard work. The news follows a recent OpenSea decision to continue with creator-set royalties after [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":878,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/Whats-the-X2Y2-NFT-marketplace.webp","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/877"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=877"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/877\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/878"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}