CoinVoice has recently learned that, according to The Block, 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 0.5% transaction fee structure while eliminating the 0.5% creator royalty.
The proposal states: “So far, the market fee for the Blur NFT market protocol is 0%, while enforcing a minimum creator royalty of 0.5%. We suggest eliminating the enforced creator royalty and adding a 0.5% protocol fee to each transaction.”
Split Capital also stated: “We also propose the establishment of a fees committee that can change the protocol fee rates to allow for quick adjustments based on market conditions and competitive landscape.” [Original link]
