Opensea announced the launch of the time-limited 0 service fee transaction and the non-mandatory implementation of the optional royalty service
According to reports, Opensea’s official Twiiter announced that in view of the changes in the market ecological environment, the following major adjustments will be made: First, the time-limited transaction activity of zero service charge will be launched; 2、 Enable optional copyright services with a minimum standard of 0.5%, applicable to all non-chain compulsory royalty series; 3、 Update operator filters to allow NFT markets with the same policies to jointly increase market liquidity.
Interpretation of this information:
Opensea, one of the largest non-fungible token (NFT) marketplaces, has recently announced major adjustments to align with the changes in the market ecological environment. These adjustments are aimed at providing a better user experience, encouraging trades and transactions, and boosting market liquidity. The first adjustment is the launching of a time-limited transaction activity with zero service charge. This is undoubtedly an exceptional offer for the users, as it will save them some money and add some incentive to buy and sell NFTs on Opensea.
The second major adjustment is the enabling of optional copyright services, applicable to all non-chain compulsory royalty series with a minimum standard of 0.5% markup. This service offers creators an avenue to protect their intellectual property rights by enabling them to attach rights to their NFTs. This service is expected to increase the trust and confidence of creators in the marketplace, which will also translate to better business opportunities and increased trading volume for Opensea.
Finally, Opensea is going to update operator filters to allow NFT markets with similar policies to increase market liquidity jointly. This is a strategic move that is aimed at expanding the reach of the marketplace and attracting more users while still maintaining policy standards. This will mean that the marketplace will have more exposure, increased trading volumes, and more competitiveness.
In summary, Opensea is taking a major step to offer more value to its users by launching a time-limited transaction activity with free service charge and enabling optional copyright services for all non-chain compulsory royalty series. Furthermore, the marketplace is also creating policies to increase market liquidity, which will ensure its sustainability, competitiveness, and position in the marketplace.
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