OpenSea will use an on-chain enforcement tool to impose royalties for new collections.

The nonfungible (NFT) marketplace OpenSea appears to have weighed in on the discussion of NFT royalties by introducing a new “on-chain” tool that aids in the enforcement of royalties by artists.

The NFT market, which, according to CoinGecko, holds 66% of the market share in NFT marketplaces, has been somewhat quiet on the subject of royalties and enforcement over the last several months as other players in the industry have been putting their own plans into practise.

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