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Ethereum NFT Marketplace X2Y2 Will Enforce Royalties Following OpenSea’s ‘Brave Move’

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In brief

  • X2Y2, an Ethereum marketplace, said today that it will enforce creator-set royalties on all NFTs going forward.
  • OpenSea recently made a similar announcement after considering a move away from requiring traders to pay creator royalties.

Just a couple weeks ago, it appeared that most of the NFT market was on a steep slide towards rejecting creator royalties altogether. Even the top marketplace, OpenSea, considered making them optional. But creator pushback forced OpenSea to maintain royalties, and now a rival Ethereum marketplace is similarly saying it will enforce royalties.

X2Y2, which launched earlier this year and saw significant trading activity over the summer, announced today that it will enforce creator-set royalties on all NFT collections—both existing projects and newly-launched ones, as well.

Previously, X2Y2 offered a Flexible Royalty model that let the creators and collectors alike have input into how strictly the marketplace enforced royalties for each project. However, only certain types of NFT projects—specifically artwork and access passes—could choose…

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