In the face of rising competition from upstart rival Blur, leading NFT marketplace OpenSea announced today that it will temporarily eliminate its 2.5% fee on sales, as well as cut down creator royalty protections as it attempts to weather a rapidly changing market. OpenSea tweeted that it will only enforce a 0.5% mandatory creator royalty fee on NFT trades for projects that don’t have an on-chain enforcement method,
Source: OpenSea Drops Fees, Cuts Creator Royalty Protections as Rival Blur Rises – Decrypt