OpenSea Announces 0% Fee for Limited Time, Moves to Optional Royalties

NFT marketplace OpenSea announced that it will make the following adjustments: 1. drop OpenSea fee to 0% for a promotional period of time; 2. move to optional creator earnings (0.5% min) for all collections without on-chain enforcement (old & new); and 3. update the operator filter to allow sales using NFT marketplaces with the same policies (including Blur, as they make good on their promise).

OpenSea said that there's been a massive shift in the NFT ecosystem, with 80% of total ecosystem volume not paying full creator earnings. While OpenSea continue to uphold on-chain enforcement through the operator filter, it is moving to a different fee structure that reflects the needs of today's ecosystem.