23 February 2023 10:25, UTC
Reading time: ~2 m
The chief technology officer of NFT platform Art Blocks, purplehat.eth, recently announced on social media that the platform would continue to support creator royalties, despite recent adjustments made by OpenSea and Blur.
1/ With all of the recent conversation around marketplaces and creator royalties, we’re very excited to announce that we have expanded the secondary marketplace functionality at @artblocks_io to now include native listings/delistings, with creator royalties always baked in.
— purplehat.eth (@purphat) February 22, 2023
According to purplehat.eth, Art Blocks firmly believes that creator patronage royalties are a meaningful cultural pillar of patronage. Additionally, Art Blocks has expanded the function of its secondary market by allowing collectors to directly list/off the NFT they want to buy on the platform’s official website.
The NFT markets currently supported by Art Blocks’ aggregation list include OpenSea, LooksRare, X2Y2, Sansa, Zora, Foundation, CoinbaseNFT, Rarible, Sudoswap, and Reservoir, with Blur to be included soon.
Following the thread from purplehat.eth, Art Blocks is using Reservoir0x as their aggregation layer for listings. This ensures that all aggregated listings on the platform that do not already include creator royalties will be royalty-normalized to include them properly. In this way, buyers can be assured that they always support creators when shopping on artblocks_io.
With this functionality, there is no additional marketplace fee being added on top, so the artblocks_io experience should be the lowest fee option that still fully supports both the artist and platform components of creator royalties.
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