Yuga Labs blacklists NFT marketplaces that do not support royalties – Crypto News – Crypto News
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Yuga Labs blacklists NFT marketplaces that do not support royalties Yuga Labs blacklists NFT marketplaces that do not support royalties

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Yuga Labs blacklists NFT marketplaces that do not support royalties – Crypto News

Published

3 years ago

on

Haru Invest

Bored Ape Yacht Club (BAYC) creator Yuga Labs Blacklisted addresses related to LookRare, SudoSwap, Blur and NFTX for not supporting royalties for its Sewer Pass NFT.

Royalties are payments made to NFT creators each time their assets are sold on a marketplace. OpenSea mandates creator royalties of up to 10% — while others like LooksRare and SudoSwap have made the royalties model optional.

In light of the ongoing NFT royalties debate, Yuga Labs has moved to ban transactions from marketplaces that do not support royalties for NFTs like its Sewer Pass.

Sewer Pass is an NFT that grants its holders access to Yuga Lab’s Dookey Dash interactive skill-based game. A closer look into the sewer pass contract shows that some addresses have been blacklisted.

Simon Cousaert disclosed in his Twitter thread that some of the blacklisted addresses include exchange contracts from LookRare, SudoSwap, Blur, and NFTX.

Consequently, users will not be allowed to buy the Sewer Pass NFT through LooksRare, SudoSwap, Blur, or NFTX. However, the collection can be purchased via OpenSea.

As of press time, the total trading volume of the sewer pass collection on OpenSea stood at 7,904 ETH — approximately $12 million — over the last 24 hours.

Journalist at CryptoSlate

Christian is a crypto-curious nerd who loves to investigate how protocols work under the hood. Christian is interested in DeFi protocol research, token economics, and on-chain analytics.

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