NFT marketplace Rarible sees uptick after commitment to royalties
NFT aggregator Rarible said by October it would cut off aggregate orders from competitors that don’t enforce royalties, such as OpenSea. Nonfungible token (NFT) marketplace Rarible has seen a substantial uptick in trading volume over 24 hours following a public statement in support of maintaining NFT creator royalties. It comes as competitor NFT marketplace s such as OpenSea have rewound support for royalties and royalty enforcement — prompting other NFT projects to also begin rewinding support for OpenSea. Data from the analytics platform DappRadar shows that 24-hour fiat trading volume on Rarible reached $1,500 across 38 sales for Aug. 23, clocking a 653% increase from the day before. 1/ Following @rarible's decision to maintain creator royalties , and remove both @opensea and @blur_io from their aggregation data, Rarible's trading volume is up 637% in the past 24h. Do you think Rarible is right? View @rarible on DappRadar https://t.co/9hh0AQa7Nj pic.twitter.com/cg1dPChYar ...