Blur, a new contender in the NFT marketplace scene has gained popularity with creators and collectors. The innovative features of this new marketplace and its community-driven approach have made it a huge success. Blur was able to address one of its key concerns – earning full royalties across multiple platforms. This is why it has been so successful. Blur, unlike Opensea allows creators to receive full royalties on all platforms. They even have a token to welcome new members to their community. We’ll be looking at Blur, an innovative alternative to Opensea that is shaking up NFT marketplaces.
Blur is aiming to maximize royalties from these collections by raising minimum royalties and maintaining price competition. To prevent traders shifting to zero-royalty marketplaces, it is important to maintain price competition. Blur began imposing a minimum royalty of 0.5% for collections that are not subject to filters. The ultimate goal is to raise the minimum royalty over time.
Are you a creator who wants to receive full royalties on Blur and OpenSea? OpenSea’s current royalties policy prohibits collections from earning royalties on both platforms at the same time. Blur is here to assist.
Blur is a community-driven marketplace. They want creators to be able to earn full royalties all over the world. To welcome new members to the community, they have airdropped $BLUR to Creators as part of their Season 1 airdrop. We’ll be discussing the options for Creators as well as how Blur can allow full royalty enforcement on OpenSea/Blur.
Blur Makes Waves, with their 4 recommended outputs
Their blog can be found here.
- Option 1: To not block any platforms. The new collections that are created without filters are fully decentralized but do not have the ability block any royalty marketplaces. Blur enforces a minimum of 0.5% royalty on these collections. OpenSea allows for optional royalties, while Blur requires that the seller opt-in to higher royalties.
- Option 2 to block Blur. OpenSea doesn’t set optional royalties for collections that filter marketplaces from their blocklist. This includes Blur. This option disallows bidding for Blur. This allows creators to receive floor support, increased volumes, and royalty income. The ability of a creator to earn royalties is not affected by disabling bids. It actually makes it worse.
- Option 3 Blur’s preferred option to block OpenSea. Creators should have the option to earn royalties on any marketplace they whitelist. They shouldn’t be forced to choose. Blur enforces full royalty payments on collections that prevent trading on OpenSea. Season 2 rewards will be available to creators who use this option.
- Option 4 means to not block any platform. Blur and OpenSea should allow creators to earn royalties on both. OpenSea currently sets royalty rates to non-binding when they detect trading in Blur. Blur wants OpenSea not to continue this policy so that all collections can be eligible for royalties.
Blur is aiming to maximize royalties from collections that are not subject to filters. This involves increasing minimum royalties and keeping prices competitive. Blur has begun to impose a minimum royalty of 0.5% for collections that do not have filters. They plan to increase this minimum royalty over time.
OpenSea’s policy favors their business by having Blur blocked by creators. Blur, however, believes OpenSea is doing right by creators and invites them all to work together to enable full royalties for new collections and explore solutions for all collections with or without filters.
If you are a creator who wants to receive full royalties on Blur and OpenSea, then consider Blur’s recommendation of blocking OpenSea. You’ll be able earn royalties on both platforms and you’ll be eligible for Season 2 rewards. For your next launches, you can reach out to Blur to be featured on their website, Twitter, or Discord.
The first NFT CULTURE article was Blur and OpenSea Royalty Challenges.
Did you miss our previous article…
https://nft.magnewsblog.com/exclusive-tyler-hobbs-unveils-first-physical-qqls-as-paintings/
