Odaily Planet Daily reported that the liquidity token hedge fund Split Capital announced on Monday that it has submitted a governance proposal to Blur, suggesting that the NFT market adopt a new trading fee structure of 0.5%, while eliminating the 0.5% creator royalty. The proposal stated, "So far, the market fee for the Blur NFT market protocol has been 0%, while enforcing a minimum creator royalty of 0.5%. We propose to eliminate the enforced creator royalty and increase the protocol fee by 0.5% for each transaction." Split Capital also stated, "We also propose the establishment of a fee committee that can change the protocol fee rate to quickly adjust based on market conditions and competitive landscape." (The Block)