Split Capital Proposes Blur to Increase 0.5% Trading Fee and Cancel 0.5% Creator Royalty

Foresight News reports that the liquidity token hedge fund Split Capital has submitted a governance proposal to Blur, suggesting that the NFT marketplace adopt a new trading fee structure of 0.5%, while eliminating the 0.5% creator royalty. Currently, the market fee for the Blur NFT marketplace protocol is 0%, while enforcing a minimum creator royalty of 0.5%. Split Capital also proposed the establishment of a fee committee that can change the protocol fee rates to quickly adjust according to market conditions and the competitive landscape.