1. QiAi QuestsHome
  2. Crypto & Markets

Art Blocks to continue supporting creator royalties on NFT platform

• Crypto & Markets • 84 views

On February 23, the chief technology officer of Art Blocks, the NFT platform, purplehat.eth, announced in social media that although OpenSea and Blur have made…

Art Blocks to continue supporting creator royalties on NFT platform

On February 23, the chief technology officer of Art Blocks, the NFT platform, purplehat.eth, announced in social media that although OpenSea and Blur have made some adjustments around creator royalties recently, the NFT platform will continue to support royalties, because they firmly believe that creator royalties are a meaningful pillar of sponsorship culture.

NFT platform Art Blocks announced that it will continue to support royalties, and the aggregation list will be included in Blur

Interpretation of the news:


A recent announcement made by the chief technology officer of Art Blocks, purplehat.eth, has stated that despite other NFT platforms making some adjustments, Art Blocks will continue to support creator royalties. This decision comes as a testament to the platform’s belief that creator royalties are an important aspect of sponsorship culture.

Art Blocks is a popular NFT platform that allows artists to create generative art that is minted as unique tokens on the Ethereum blockchain. These tokens are then sold on the platform, with a portion of the profits going to the artist as a creator royalty. This system has been praised by many as a way to ensure that artists receive compensation for their work beyond the initial sale.

In recent weeks, other NFT platforms, such as OpenSea and Blur, have made adjustments to their royalty systems. However, Art Blocks has decided not to follow suit, highlighting their commitment to supporting creators and fostering a sponsorship culture within the NFT community.

The decision to continue with creator royalties is important for Art Blocks as it shows their dedication to supporting artists and maintaining transparency and fairness within the NFT market. With the recent surge in popularity of NFTs, many have criticized the market for being financially exploitative and benefiting only a select few. Art Blocks’ decision to continue with creator royalties ensures that artists receive the recognition and compensation they deserve.

Furthermore, the decision also aligns with Art Blocks’ ethos of supporting generative art and fostering creativity within the blockchain community. By continuing to ensure that artists are compensated for their work, Art Blocks is actively working towards promoting creativity and innovation within the NFT market.

In conclusion, Art Blocks’ decision to continue supporting creator royalties sets it apart from other NFT platforms and solidifies its position as a leader in supporting artists within the NFT community. It shows a commitment to promoting transparency and fairness within the market, and sets an example for other platforms to follow.

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/crypto/2745.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 02/23/2023 05:59
Next 02/23/2023 06:23

Related recommendations