NFT REVIEW MARKET
Incorruptible NFT marketplace, Rarible, has reaffirmed its stance on creator royalties following the latest shake up on the subject. As a direct result of their actions, it has pledged to remove OpenSea, X2Y2, and LooksRare from its aggregation service.
In what could be considered as a one fingered salute to its competitors, Rarible has changed its Twitter logo to a ‘%’ symbol, and issued a statement on the topic of royalties. Effectively, it has reasserted its position in support of creator royalties, and has assured its users that this stance will never change.
In a series of messages shared via its social media accounts and website, Rarible has doubled down on its efforts to foster an environment where artists and creators are continually rewarded for their efforts. This means that it will honor true ownership via its platform and ensure that “creativity is valued and compensated.”
We support royalties.
We always have.
And we always will.By September 30th, https://t.co/xjSw1Jg8bV will no longer aggregate orders from OpenSea, LooksRare or X2Y2. pic.twitter.com/BfOWVTCboT
— Rarible (@rarible) August 22, 2023
Rarible Takes Action Against Platforms that Neglect Royalty Payments
In a pro-active move to disassociate itself from the popular narrative, Rarible has revealed that it will remove NFT marketplaces that bypass royalties from its aggregation service. This means that by September 30, it will no longer feature bids from platforms such as OpenSea, X2Y2, LooksRare, and other NFT trading hubs that neglect their royalty duties.
In addition to this smart move, Rarible has also put together instructions for creators on how they can protect their secondary sales renumeration. Effectively, allowing them to set up their royalty requirements via Rarible’s fleet of NFT marketplaces and services.
So, as the royalties debate hots up, Rarible has now laid its cards firmly on the table!
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