NiftyNoon: X2Y2 Returns to Mandatory NFT Royalties

After OpenSea threatened marketplace blacklists, X2Y2 has reinstated mandatory NFT royalties (November 21, 2022)

Nifty Thought

• X2Y2’s decision to revert back to becoming a royalty-mandatory marketplace is the first of its kind. While the trend of ETH and SOL marketplaces moving to royalty-optional has been prevalent over the past few months, very few (if any) marketplaces have moved from royalty optional back to royalty mandatory. This move was likely the result of NFT artists and creators adopting OpenSea’s operator filter marketplace blacklist that threatened to restrict the sale of NFTs on X2Y2 overall. While X2Y2 was essentially forced into this position to avoid being blacklisted, they notably re-enabled mandatory royalties on collections that do not have the operator filter. This is in contrast to Blur which also re-enabled mandatory royalties but only for collections that have the operator filter within their contracts. Royalties continue to remain one of the most pressing NFT-native debates facing the industry. While it is nice to see a trend back toward creators, the long term outlook on royalties is still not yet clear.

Project News

• In response to OpenSea’s operator filter marketplace blacklist, X2Y2 has announced it will enforce mandatory royalties on all NFT collections:

  X2Y2 @the_x2y2

  1/ TL;DR X2Y2 will enforce royalties on ALL collections. A thread here👇

• Nike details their .SWOOSH ID for their upcoming digital collectible hub on the Ethereum layer 2 Polygon:

  Jasmine🟰lil.SWOOSH 👟🎮🍣🐈 @jgao

  The .SWOOSH ID. Your unique digital identity in the .SWOOSH community, secured on @0xPolygon. Owning a .SWOOSH ID unlocks new @Nike member benefits such as special access to physical and virtual collections, co-creation opportunities, and invites to exclusive events.

• Rainbow, a semi-popular desktop cryptocurrency wallet app, has announced a browser extension that hopes to replace MetaMask:

  Rainbow @rainbowdotme

  alpha leak

  

  rainbow.meIt’s almost time to replace MetaMaskRainbow’s browser extension is coming. Sign up and see it first.

• Moonbirds reveals details on their upcoming Moonbirds DAO:

  Moonbirds (🦉, 🥃) @moonbirds

  Friday Parliaments are a mix of public Twitter Spaces and private token-gated calls. On Friday, we hosted one on Zoom to present the first iteration of the Moonbird DAO guidelines, recorded link available on Discord. Review the guidelines here:

  

  tinyurl.comMoonbirds DAO 🦉🤝Moonbirds DAO 🦉🤝 This document outlines the current thinking for what the Moonbirds DAO will do and how it will operate. These plans are still very much in development; the hope is that by getting our plans out to the community for review early it will give us plenty of time to incorporate fee...

Community News

• Shillin Villain, a polarizing but well-known NFT influencer, has been suspended on Twitter with much speculation surrounding the cause:

  DEGEN NEWS 🗞️ @DegenerateNews

  BREAKING: @ShiLLin_ViLLian HAS BEEN SUSPENDED

  

  Cymbal.xyz @cymbalxyz

  Some thoughts: 1. We care deeply for Alex the human and many of the comments we’ve seen wishing ill on him or “good riddance” we don’t align or agree with. We don’t know of any mfer who’s shown up day in and day out as consistently as Alex.

• A top 15 holder of Deadfellaz has announced his complete departure from the project due to the founder’s frequent political comments across Twitter and Discord:

  BillianosWorld @BillianosW

  When you bring too much Politics or Religion into a project I feel like it starts to become divisive. Not everyone is truly accepted behind these pfps at that point and that’s where I draw the line and head out. Consider this my peaceful exit and god bless the @Deadfellaz

  BETTY @betty_nft

  I guess since my political beliefs are the topic of the day il outline that I side with nobody. It’s all a broken mess. Policies that affect human rights and safety to exist peacefully are what I align with, and i see web3 being a proponent of restructuring the political system.

  Daito 💚 @DaitoYoshi

  @Deadfellaz just lost one of their Top 15 holders because of this political shit. I didn't join Web3 to reach across the aisle. I joined Web3 to get rid of the aisle altogether.

• Gary Vee shares his view on CryptoPunks being the only NFT project that is “sure” to survive in the space in the long run:

  dollar @knownasdollar

  What @garyvee thinks about CryptoPunks... I have a very similar thesis, but love how well Gary was able to articulate the message. This is a clip from @TimJDillon's latest podcast episode.

Quick Stats:

• OpenSea ETH Daily Volume: 4,782 ETH (► 0.00%)

• Blur ETH Daily Volume: 1,172 ETH (▼ 24.78%)

• BTC: $16,063.30 (▼ 3.04%)

• ETH: $1,118.17 (▼ 4.82%)

• Solana: $11.87 (▼ 7.83%)

• Polygon: $8.02 (▼ 4.34%)

NFT Daily Winners:

• Doodles: 6.55 ETH (▲ 5.82%)

• Mutant Ape Yacht Club: 11.30 ETH (► 0.00%)

• VeeFriends: 5.69 ETH (► 0.00%)

NFT Daily Losers:

• DigiDaigaku: 8.33 ETH (▼ 1.30%)

• Bored Ape Yacht Club: 57.00 ETH (▼ 1.72%)

• Azuki: 9.75 ETH (▼ 2.50%)

• Moonbirds: 7.12 ETH (▼ 2.95%)

• CryptoPunks: 63.95 ETH (▼ 3.03%)

• Clone X: 8.46 ETH (▼ 3.65%)

• Chromie Squiggles: 12.00 ETH (▼ 11.11%)

• Proof Collective: 30.70 ETH (▼ 11.50%)

Notes:

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