This week, OpenSea revealed that in 2022, creators using its platform will make $1 billion. The greatest method to help NFT creators is to impose strict creator fees that give artists a cut of subsequent sales. This year, when some marketplaces, like LooksRare and Magic Eden, made creator fees optional, the debate over them intensified.
Related post: Creative Economy: Millions of people make extra money in the digital creative space
OpenSea eventually decided to stick with creator fees after considering the same. Only six individuals attended the EU’s foreign aid department’s $400,000 metaverse launch ceremony. It appears that just six people attended the event intended to promote the Global Gateway Initiative of the EU Commission, which aims to invest $300 billion in infrastructure projects in poor nations by the year 2027.
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