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Blur’s Renewed Royalty Policy in the NFT Market

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According to reports, according to Blur\’s official announcement, the NFT market announced the renewal of the royalty policy, which outlined some options of the…

Blurs Renewed Royalty Policy in the NFT Market

According to reports, according to Blur’s official announcement, the NFT market announced the renewal of the royalty policy, which outlined some options of the creator’s royalty, each of which would have different impacts on Blur, the creator and OpenSea (Blur’s independent competition), mainly involving four situations: 1. If the collection does not use Block, it will not be able to ban the zero or optional royalty market, in which case Blur will charge 0.5% of the royalty, OpenSea is an optional royalty; 2. Block Blur, any NFT project that prohibits Blur or other zero royalty/royalty optional markets will be subject to compulsory royalty enforcement on OpenSea, but the transaction can still be conducted on Blur, requiring a minimum royalty of 0.5%; 3. Blur recommends not to use OpenSea. Blur hopes that the creator will not use OpenSea. Any NFT project that does not use OpenSea will be subject to full royalties on Blur; 4. Blur requires OpenSea to cancel the setting of optional royalties for NFT projects on Blur. If OpenSea cancels this policy, NFT projects can collect royalties on both platforms at the same time. At present, NFT project creators cannot collect royalties on Blur and OpenSea at the same time. They can only collect all royalties on OpenSea or Blur at the same time, but not at the same time.

Blur issued a royalty update policy, including recommending not to use OpenSea

Interpretation of the news:


Blur, one of the leading NFT marketplaces, has announced a renewed royalty policy for creators. The new policy offers several options for creator’s royalties, each with a different impact on Blur, the creator, and OpenSea, its independent competition.

The announcement outlines four possible situations for NFT projects. In the first scenario, if the collection does not use Block, it cannot ban the zero or optional royalty market. In this case, Blur will charge 0.5% of the royalty, while OpenSea offers an optional royalty.

The second situation involves Block Blur, where any NFT project that prohibits Blur or other zero royalty/royalty optional markets will be subject to compulsory royalty enforcement on OpenSea. However, transactions can still be conducted on Blur, requiring a minimum royalty of 0.5%.

The third scenario recommends not using OpenSea, as Blur hopes that the creator will not use it. Any NFT project that does not use OpenSea will be subject to full royalties on Blur.

In the fourth situation, Blur requires OpenSea to cancel the setting of optional royalties for NFT projects on Blur. If OpenSea cancels this policy, NFT projects can collect royalties on both platforms simultaneously. At present, NFT project creators can only collect royalties on OpenSea or Blur, but not on both platforms at the same time.

The renewed royalty policy aims to create a fair and conducive environment for NFT creators and block any instances of royalty exploitation by independent platforms. Blur hopes to create a mutually beneficial relationship with creators, making their platform a preferred and exclusive option for royalty collections.

In conclusion, Blur’s new royalty policy in the NFT market is a significant step towards a more transparent and fair ecosystem. The options provided to the creator will ensure that they receive just compensation for their creations, while the policy safeguards against potential exploitation.

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