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NFT trading platform sudoswap launched a 0% royalty mechanism



Time:8/16/2022 12:27:13 PM

[NFT trading platform sudoswap launches 0% royalty mechanism] According to news on August 15, the decentralized NFT trading platform Sudoswap launched an automatic market maker (AMM), setting artist royalties to 0%. While helping to reduce the overall cost of each NFT transaction, the move has sparked discussions on crypto Twitter about the ethics of royalty-free transactions. Some NFT collectors suspect that Sudoswap’s cut in royalties could lead to a cascading effect between the NFT marketplace’s fee structure and user behavior.

It is reported that OpenSea, the world's largest NFT market, has set a 2.5% royalty. Other projects such as Yuga Labs' Meebits and Bored Ape Yacht Club receive royalties of 5 percent and 2.5 percent, respectively.

Other news:

NFT sales on the Avalanche chain in July were less than $2 million, a 12-month low: Jinse Finance reported that according to the latest NFT transaction data, the NFT sales on the Avalanche chain in July were only $1,915,150.11, a 12-month low . As of now, the highest sales record on the Avalanche chain occurred in January 2022, with sales of $150,845,317.49 in that month. In addition, the current total sales on the Avalanche chain is $398,254,898, with a transaction volume of 660,551 transactions. [2022/8/1 2:50:59]

Moonbirds Oddities NFT series opened, the current floor price is 1.9 ETH: On July 21, OpenSea data showed that Moonbirds’ airdrop NFT series Moonbirds Oddities opened, the current floor price is 1.9 ETH, and the total transaction volume is 12,200 ETH.

It is reported that the rarity attribute of each Oddities is consistent with the original corresponding Moonbirds. [2022/7/21 2:27:15]

Jubi launched the NFT trading zone on September 24: According to official sources, the total market value of the NFT sector is currently about 1.058 billion US dollars, and the daily trading volume exceeds 165 million US dollars. Jubi launched the NFT trading area on September 24, 2020, and will list high-quality currencies such as MANA, SAND, COCOS, ENJ, etc. Jubi will select high-quality NFT tokens to launch in this area.

As a leading digital asset and derivatives trading platform, Jubi will focus on the new track of the blockchain industry to meet the diversified new trading needs of users. While discovering cutting-edge high-quality projects for users, it will continue to improve user trading service experience. [2020/9/24]

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