Tension between traders and creators of digital collectibles is deepening amid a painful slump in the market for nonfungible tokens. The friction stems from moves by top NFT exchanges Blur and OpenSea to slash royalty rates payable to artists when a token’s ownership changes, in the hope that lower costs will lift depressed levels of buying and selling.
Source: NFT Rout Crushes $1.5 Billion Windfall for Artists as Markets Slash Royalties