Opensea investor Mark Cuban says NFT marketplace removing royalties is a 'huge mistake'

Quick Take

  • Cuban called OpenSea’s optional royalty model a “huge mistake” on social media. 
  • The NFT platform will have optional creator fees for new collections on Aug. 31, and for existing collections by Feb. 29, 2024. 

Billionaire investor Mark Cuban criticized OpenSea's decision to make creator fees optional. 

"Not collecting and paying royalties on NFT sales is a HUGE mistake by OpenSea," Cuban wrote on social media. "It diminished trust in the platform and hurts the ind