Bbc Nft Metaverse

Today, the world's largest NFT marketplace, OpenSea, unveiled significant changes to their creator royalty and fee structure.

In a Twitter thread, they announced:

- The 2.5 percent fee that is tacked on to every transaction on OpenSea would be dropped to zero for a limited time.

- They will be moving projects that don’t use on-chain enforcement tools to optional royalties. In other words, buyers are now free to decide whether or not they want to honor a creator’s royalty preferences.

- Marketplaces with similar policies would not be blocked by the platform’s operator filter.

These changes will have a dramatic impact on both collectors and creators who use the platform.

Thoughts?

Yuga Labs recently joined the Bitcoin Ordinals craze, announcing their latest NFT project titled “TwelveFold.”

Today, the 300-piece generative art project sold via auction and raised a total of 735 BTC ($16.5M). The highest bidder paid just over 7 BTC ($161K).

The auction drew some controversy because it required all bidders to send their BTC to Yuga and trust that the company would return funds for unsuccessful bids.

Gucci and Yuga Labs have partnered to bring fashion to the Bored Ape Yacht Club metaverse.

The companies previously collaborated on Yuga’s 10KTF project, which is a browser game where players dress their avatars in digital collectible clothing.

Today, they announced that Gucci will work with Yuga on future Otherside initiatives. “Existing in a world where physical and digital realms collide, and are shaped by creative storytelling, the first activation in the partnership will give a glimpse of Gucci’s participation in Otherside, Yuga’s gamified, metaRPG universe, beginning this week,” Gucci said in a press release.

What do you think they are planning?