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Home»NFT»Yuga Labs Enforces Royalties on Consumers: Bans Trading on OpenSea
NFT

Yuga Labs Enforces Royalties on Consumers: Bans Trading on OpenSea

2023-09-28No Comments2 Mins Read
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Summary

  • Otherside’s Legends of the Mara NFT collection has been prohibited from trading on most well-known NFT platforms, including OpenSea, Blur, LooksRare, and SudoSwap V1, due to Yuga Labs’ strict enforcement of royalties.
  • Only platforms that support Royalties Enforcement, like X2Y2 and SudoSwap V2, have been recommended for Mara NFT trading.

Bored Ape Yacht Club’s Yuga Labs recently unveiled an open beta for its “Legends of the Mara (LotM)” game. This new gaming experience grants Otherdeed virtual land NFT holders a new NFT and a deeper dive into the Otherside metaverse. However, the Mara NFT collection has been prohibited from trading on most platforms.

Yuga Labs on Royalty Enforcement

The ban on trading the Otherside Mara NFT series collections stems from Yuga Labs’ strict enforcement of royalties. Only platforms that support Royalties Enforcement, like X2Y2 and SudoSwap V2, have been recommended for Mara NFT trading. OpenSea, Blur, LooksRare, and SudoSwap V1 have all been blacklisted for failing to meet these criteria.

Source: Etherscan

Legends of the Mara, described by the firm as a “collection-based 2D strategy game,” offers a unique gameplay experience. The game is set to unveil new insights into the mysterious Kodas, small bipedal creatures residing on 10% of the original 100,000 Otherdeed land plots—but are not tied to them forever.

As the world of non-fungible tokens (NFTs) continues to evolve, issues like this raise questions about the evolving landscape of NFT marketplaces and the importance of protecting creators’ royalties.

See also  What Is Value Investing? Exploring the Timeless Investment Strategy – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly
Bans consumers Enforces Labs OpenSea Royalties Trading Yuga
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