NFT platform OpenSea has recently introduced support for the ERC-721C token standard, a standard that allows creators to easily establish and apply royalties for their creations. In an announcement on April 2, OpenSea revealed that creators can now set their earnings with a single click. The ERC-721C standard was created by Limit Break, a blockchain gaming company, in May to address the problem of wash trading of NFTs. This standardizes the conditions for token transfers, including royalties, across all platforms. Before this standard was established, users could circumvent royalty fees by transferring NFTs through self-custody wallets or other marketplaces that did not honor the creator’s royalty requirements.
