Artists were supposed to keep getting paid. OpenSea is done with that.
was that the artist who originally made them could get a cut every time their piece was resold. Unfortunately, that’s not the case anymore.that it plans to stop the mandatory collection of resale fees for artists. Starting March 2024, those fees will essentially be tips — an optional percentage of a sale price that sellers can choose to give the original artist. If the seller doesn’t want to hand over any money, that’ll be their choice.
OpenSea will stop enforcing royalty fees on all new NFTs starting August 31s. The marketplace will continue enforcing the fees on certain existing collections until March 2024, at which point they’ll become optional on all sales.about the changes, many in the NFT community are not thrilled by this. Critics say it will hurt small artists and undermines creators’ ability to control their relationship with the people who buy their work.
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