Yuga Labs blacklists NFT marketplaces that do not support royalties

Share This Post

Bored Ape Yacht Club (BAYC) creator Yuga Labs blacklisted addresses related to LookRare, SudoSwap, Blur and NFTX for not supporting royalties for its Sewer Pass NFT.

Royalties are payments made to NFT creators each time their assets are sold on a marketplace. OpenSea mandates creator royalties of up to 10% — while others like LooksRare and SudoSwap have made the royalties model optional.

In light of the ongoing NFT royalties debate, Yuga Labs has moved to ban transactions from marketplaces that do not support royalties for NFTs like its Sewer Pass.

Sewer Pass is an NFT that grants its holders access to Yuga Lab’s Dookey Dash interactive skill-based game. A closer look into the Sewer Pass contract shows that some addresses have been blacklisted.

Simon Cousaert disclosed in his Twitter thread that some of the blacklisted addresses include exchange contracts from LookRare, SudoSwap, Blur, and NFTX.

Consequently, users will not be allowed to buy the Sewer Pass NFT through LooksRare, SudoSwap, Blur, or NFTX. However, the collection can be purchased via OpenSea.

As of press time, the total trading volume of the Sewer Pass collection on OpenSea stood at 7,904 ETH — approximately $12 million — over the last 24 hours.

The post Yuga Labs blacklists NFT marketplaces that do not support royalties appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Cardano Gains Steam: ADA Sights More Growth After Breaking $0.8119

Cardano (ADA) is making waves in the crypto market, surging past the $08119 level in a bold display of bullish strength This breakout marks a significant turning point, signaling growing confidence

BTC and XRP Redefine Boundaries in US Crypto Regulation

BTC and XRP challenge securities classifications as a legal expert argues underlying assets are distinct from investment contracts, intensifying calls for regulatory clarity in crypto markets BTC and

XRP Set to Overtake BNB, Eyes on 35% Rally

The post XRP Set to Overtake BNB, Eyes on 35% Rally appeared first on Coinpedia Fintech News With notable gains in recent days, Ripple’s native token, XRP, has crossed the $15 level for the

Bitcoin’s Social Media Speculation Heats Up, What’s Driving The Hype?

With its strong upside movements to new all-time highs in the last few weeks, Bitcoin is once again dominating the general cryptocurrency landscape, triggering a huge frenzy among community members

Massive Ethereum Buying Spree – Taker Buy Volume hits $1.683B In One Hour

Ethereum surged over 10% yesterday, marking an impressive recovery alongside a very bullish day for the entire crypto market This surge has reignited investor optimism, especially as Ethereum

US Regulator Publishes Crypto Guide With Stark FOMO Reminder

The Financial Industry Regulatory Authority (FINRA)’s new crypto guidelines spotlight risks and FOMO-driven decisions, with advice on crypto investing New Crypto Guidelines Highlight Key Challenges