Bored Ape Yacht Club (BAYC) creators Yuga Labs is set to wind down support for OpenSea following the platform’s upcoming removal of its on-chain royalty enforcement tool Operator Filter.
The Operator Filter was launched in November 2022, essentially enabling creators to restrict secondary nonfungible token sales only to marketplaces that enforce creator royalties, thus filtering out platforms like Blur.
However, OpenSea revealed on Aug. 17 that it will soon “sunset” the tool at the end of August, citing a lack of “opt-in by the entire ecosystem,” platforms being able to bypass the tool and pushback from creators.
The following day, Yuga Labs CEO Daniel Alegre shared an announcement via X (Twitter), stating that the firm will gradually wind down its use of OpenSea’s Seaport marketplace smart contract:
“Yuga Labs will begin the process of sunsetting support for OpenSea’s SeaPort for all upgradable contracts and any new collections, with the aim of this being complete in February 2024 in tandem with OpenSea’s approach.”
“Yuga believes in protecting creator royalties so creators are properly compensated for their work,” he added.
On @opensea‘s decision to sunset their Operator Filter. pic.twitter.com/ahc155WWkX
— Yuga Labs (@yugalabs) August 18, 2023
The post was met with a positive reaction from members of the BAYC community, while content creators/NFT project founders such as EllioTrades and Alex Becker also praised the move.
The CEO and co-founder of the Forgotten Runes Wizards Cult NFT project @dotta, was also in support, noting that they loved to see how Yuga Labs responded to OpenSea.
“The creators have enough power in aggregate to move to royalty-paying marketplaces. Yuga leading the charge is the spark that was needed.”
Yuga is banning OpenSea in light of their choice to stop enforcing creator royalties
You love to see it
Like I mentioned yesterday, OpenSea taught us how to filter exchanges with bad behavior by giving us the OperatorFilter registry
Those of us that implemented it, now plan on…
— dotta (@dotta) August 18, 2023
Notably, Luca Netz, the CEO of the Pudgy Penguins NFT project also seemingly hinted towards doing the same thing as Yuga Labs, as he responded to the firm’s post by calling it a “great move.”
In a separate post from Coinbase NFT on Aug. 18 highlighting its “commitment to enforcing creator royalties,” Netz also stated: “Let’s talk.”
Let’s talk
— Luca Netz (@LucaNetz) August 18,…
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