OpenSea Makes Big Changes to Fees and Creator Earnings

OpenSea, the world’s leading digital asset marketplace, is making some big changes today. The company announced that it will be reducing its fees to 0% for a limited time. Additionally, they are moving to optional creator earnings of 0.5% minimum for all collections without on-chain enforcement (old and new). Furthermore, marketplaces with the same policies will not be blocked by the operator filter. The fee reduction is expected to help creators earn more money from their digital assets and provide more incentive for users to buy them. This move also helps support smaller creators who may not have been able to afford the previous fees. It also gives buyers more confidence in their purchases since they know they won't be charged extra fees at checkout. OpenSea is also introducing optional creator earnings of 0.5% minimum for all collections without on-chain enforcement (old and new). This means that creators can choose how much they want to charge buyers when selling their digital assets, giving them more control over their profits and allowing them to adjust prices according to demand or other factors. Finally, marketplaces with the same policies as OpenSea will not be blocked by the operator filter anymore. This allows users access to a wider variety of digital assets than before, giving them even more options when it comes time to make a purchase or sale on OpenSea's platform. Overall, these changes should make buying and selling digital assets easier and more profitable for both buyers and sellers alike. With lower fees and increased control over profits, creators should have an easier time earning money from their work while buyers can enjoy greater access to a wider variety of digital assets than ever before thanks to OpenSea's new policy changes.