Rapid Insights: OpenSea's Royalty Enforcement Creates Positive Ripple Effect

Creator royalties have been declared dead a couple of times now. As a unanimous sentiment has permeated the NFT space with penetrating force, it has convinced the masses of the alleged inevitability of evaporating creator royalty payments, which has thwarted well-intended plans to continue to honor this socially enforced creator revenue source by legitimizing its circumvention.

Hard on the heels of the advent of this dynamic, NFT marketplaces started sponging market shares off of each other by making royalties optional. As the last man standing in the fight for creator royalties, OpenSea has confronted this industry-wide hand-wringing head-on by rolling out its on-chain royalty enforcement tool dubbed the Operator Filter Registry.