Rarible Sees 653% Increase in Trading Volume After Supporting NFT Creator Royalties

2023/08/24 02:10

Rarible, a nonfungible token (NFT) marketplace, experienced a significant increase in trading volume after publicly announcing its support for maintaining NFT creator royalties. This follows the decision of competitor NFT marketplaces, such as OpenSea, to withdraw support for royalties and royalty enforcement, prompting other NFT projects to also withdraw support for OpenSea.
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