As competition with blur.io heats up, opensea is temporarily removing its marketplace fee, editing its blocklist filters and shifting to a minimum 0.5% creator earnings model. camgthompson reports
) marketplace OpenSea said Friday it is temporarily eliminating its marketplace fee, heating up the battle for market share with popular no-fee marketplace Blur.that for “a limited time” it will charge 0% in marketplace fees, and default all collections without on-chain royalty enforcement to optional creator royalties starting at 0.5%.
The marketplace has also adjusted its blocklist of other marketplaces that don't honor full royalty payments to creators, allowing sales on NFT marketplaces with the same policies. It specified that this includes Blur"as they make good on their promise," no longer forcing creators to“This is the start of a new era for OpenSea,” the marketplace said on Twitter.
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