NFTs News

Immutable X Guarantees NFT Royalties, Says Co-Founder

As the recent community buzz over royalty issues was sparked by the NFT marketplace platform; Immutable X, the layer-2 blockchain that solves the issue of scalability for NFTs on Ethereum, confirms the royalty fee is still guaranteed.

Robbie Ferguson, the co-founder of Immutable X, said on Twitter that NFT royalties on Immutable X are guaranteed, and marketplaces and creators can have protected ongoing monetization on any marketplace assets trade.

He added that NFT royalties are enforced on any marketplace at a protocol-wide level, which means marketplaces aren’t forced to compete by offering optional royalties but can have guaranteed economics.

And it seems the co-founder is mocking some platform that has cut royalties recently.

Previously, Magic Eden announced that it started using optional royalties.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.