Every platform is charging more, but they've all agreed to remove or make optional creator royalties, the most important value proposition for digital artists.
Every music artist has strong enforcement and protection online... but digital artists?
Betrayed by the same platforms that convinced many to jump in the train, now fees are used for future VC exits and sweeping some floors.
The NFT space started strong, now it's not far from memecoins with images attached.
ICYMI: @MagicEden quietly upped Platform Fees from 1% to 2% 👀
@opensea Platform Fees remain at 1%
I’ve attached photos of how listing in both will look like for you to compare
Looks like we’re all heading back to Opensea for $SEA & Magic Eden ain’t playing defense at all 🤷♂️
We have no choice but to come home to OpenSea 🌊
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