- Animoca Brands has launched NFT licenses that put into effect creator royalties.
- The undertaking capitalist launched the licenses in light of leading NFT marketplaces exploiting creator royalties.
Creator royalties had been a controversial topic as of unhurried as leading NFT marketplaces, Blur and OpenSea, compete to eradicate creators from the equation.
The rising concerns for creator royalties ended in Animoca Brands taking issues into their comprise fingers, with chairperson Yat Siu at the forefront, advocating for creators’ rights.
The chairperson shared in an interview that the NFT marketplaces’ cutting out royalties from their price structure insulted the creators.
Interestingly, as part of its commitment to supporting NFT creator royalties, Animoca Brands has launched a space of NFT licenses that legally binds creator royalties payments and quite a lot of conditions.
The undertaking capitalist…
