In recent years, the growth of the Blur platform has led many NFT trading platforms to stop requiring royalty payments, leaving this decision to traders' discretion. However, in 2024, creators began actively changing this landscape. Yuga Labs, the company behind projects such as the Bored Ape Yacht Club, announced the introduction of a filter into the smart contracts of some of its NFT collections. This filter restricts the trading of these NFTs only on platforms that support royalty payments, which is a strategic move related to the launch of their supported platform, Magic Eden.
Following Yuga Labs' example, De Labs, the creators of popular collections like DeGods and y00ts NFTs, also updated the code of their projects to allow transactions only on platforms that support royalties, such as Magic Eden. This decision could mark the beginning of a new trend where other NFT creators will start applying similar filters to their projects to protect their royalties.
De Labs goes further, revealing plans to use the royalties to attract new talents and expand the circle of existing authors. They plan to buy and distribute free y00t to talented members of the community and award X-tokens to existing authors, emphasizing the importance of brand development through supporting its creators.
These steps by Yuga Labs and De Labs could initiate a trend that will change the NFT landscape, making royalty support mandatory for trading platforms and potentially influencing other NFT creators. This underscores the importance of royalty compliance as a way to support and develop the creative community in the NFT space.
