OpenSea to Continue to Enforce Royalties on Existing Collections

OpenSea announced that it will continue to enforce royalties on all existing collections.

The decision was made after feedback from the community. Previously, OpenSea launched a tool for on-chain enforcement of royalties for new collections. The marketplace said it was considering options for existing collections.

OpenSea said in the statement, "Unless something changes soon, this space is trending toward significantly fewer fees paid to creators. No policy that we implement will reverse this trend if this behavior continues."