🔥 OpenSea Ceases Royalty Tool—Yuga Labs Suspends NFT Trades 🚀

A tectonic shift has stirred the NFT realm as OpenSea reveals that it’s sunsetting its royalty enforcement tool, ‘Operator Filter‘, owing to “lackluster support” from the Web3 community.

This announcement has sparked Yuga Labs — the creative force behind the top-selling NFT collectibles Bored Ape Yacht Club (BAYC) and CryptoPunks — to suspend the trade capabilities of its most recent NFTs on the popular secondary marketplace starting February 2024.

Quick Takes:

• OpenSea reveals plans to cease enforcing royalty payments starting August 31, 2023.

• Certain ongoing NFT projects using Operator Filter can continue using the tool until February 29, 2024.

• Yuga Labs responds to OpenSea’s decision by suspending its newest NFTs on the marketplace.

For more details click below

https://nftlately.com/opensea-ceases-royalty-tool-yuga-labs-suspends-trades/

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🔴 Yuga Labs Steps Back From Cryptopunks After ‘Super Punk World’ Backlash‼️

📃 Quick takes
1. *Yuga Labs Backs Off CryptoPunks! 🚫* Following community backlash on the new Super Punk World project, Yuga Labs announces full decentralization of CryptoPunks. 🛠️ #CryptoPunks #NFT #YugaLabs

2. *Yuga Labs Steps Back! ⏪* After negative feedback, Yuga Labs halts involvement with CryptoPunks, committing to full decentralization. 💡 #CryptoPunks #SuperPunkWorld #NFTCommunity

more details click below 👇
https://nftnewstoday.com/2024/05/21/yuga-labs-steps-back-from-cryptopunks-after-super-punk-world-backlash/

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