OpenSea enforces royalties on all collections while a tool allows layer-2 networks to showcase NFTs on verified apps. All that and more in this week’s NFT newsletter!
Bernard Alexander, an executive at Animal Concerts — the firm that helped onboard celebrities like Snoop Dogg and Billy Ray Cyrus to Web3 through NFTs — spoke with Cointelegraph about the struggles of helping artists get into Web3.
According to Alexander, helping artists gain an understanding of the space remains a big challenge, as people are naturally hesitant to get into a nascent industry that is evolving rapidly.After hearing feedback from the community, NFT marketplace OpenSea announced that going forward, it will continue enforcing royalties across all collections within the platform. Back on Nov. 7, the NFT platform launched a tool to allow creators to enforce royalties on new collections.
Community members criticized the marketplace for having unclear messaging, urging the platform to clarify its stance on creator fees. Some NFT creators even canceled the launch of their upcoming collections until OpenSea made a decision. Following the pushback, the NFT platform decided to finally enforce royalties on all collections.Optimism developers launched Magic Mirror, an application that lets NFT holders mirror their NFTs to the Ethereum mainnet.
The NFT badge feature in Twitter allows holders to verify ownership of their NFTs, showing a hexagonal profile picture. Before the release of the app, NFT holders from networks like Polygon, Avalanche and Optimism were unable to showcase them on Twitter.Nifty News: Nike unveils NFT platform, Steve Jobs’ sandals sell for $200,000, and more
Footwear manufacturer Nike launched its NFT platform, dubbed .Swoosh, and highlighted that its first digital collection will be on the platform in 2023. Meanwhile, an image of the Birkenstocks sandals worn by Apple co-founder Steve Jobs was turned into an NFT and sold for $218,750 in an auction.
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