Mark Cuban and the NFT Community oppose OpenSea's royalty reform

Mark Cuban and the NFT Community oppose OpenSea's royalty reform

Play To Earn Games | 26 Apr 2024 19:31 UTC

In a shocking turn of events, major players like billionaire entrepreneur Mark Cuban and Yuga Labs, which made the Bored Ape Yacht Club, criticized the popular NFT trading platform OpenSea. OpenSea announced on Thursday that it would no longer enforce creator royalties, which caused a big fuss. Many people were upset and angry about this decision.

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Mark Cuban, who is well-known in the tech industry and the NFT space, went on Twitter to say that he strongly disagreed with what OpenSea did. He stressed how serious the situation was and said that not collecting and paying royalties on sales of NFTs would not only hurt trust in the platform but also hurt the whole industry. Cuban's words were important because of his status and experience in the crypto space. For example, he was an investor in OpenSea until the company's Series A funding round in 2021.

With this announcement, OpenSea changed the way it handles creator royalties. The platform said that as of August 31, buyers of NFTs that have already been sold wouldn't have to pay a creator fee. This change had a big effect on artists and teams that depend on passive income from reselling their work. Before, creator royalty fees of between 2.5% and 10% were an important part of the NFT ecosystem. They made sure that artists were still paid after their first sale.

Many people thought that the decision was made because of pressure from other NFT marketplaces that had cut or eliminated creator royalties to attract buyers. Devin Finzer, who is the CEO and co-founder of OpenSea, has said in the past that creator fees are important for protecting artists' rights.

Notably, Mark Cuban's criticism was especially interesting because he is a fan of NFTs and an investor in OpenSea. Even though Cuban was part of the platform's $23 million Series A funding round in 2021, those who thought that creator royalties were important to the integrity of the NFT ecosystem strongly agreed with him.

Yuga Labs, which made the Bored Ape Yacht Club NFTs, has joined the group of people who don't like what OpenSea did. In response to the policy change, Yuga Labs said it would stop being compatible with OpenSea over time. This answer focused on how OpenSea's choice affects the NFT creator community.

In a related event, a group of investors who bought Bored Ape Yacht Club NFTs started a lawsuit against Sotheby's Holdings Inc. and a number of celebrities, including Paris Hilton, Gwyneth Paltrow, Kevin Hart, and others. The lawsuit said that misleading advertising and lies about how much the NFTs were worth had led to false hopes of making money. The investors said that they bought the NFTs because they thought they would make money, but that didn't happen.

During the height of the NFT craze, the value of Bored Ape NFTs was in the six figures. However, they are now much cheaper on platforms like OpenSea. This case showed how complicated the NFT market is and how legal problems may come up as the market changes.

In short, OpenSea's decision to stop enforcing creator royalties made important people like Mark Cuban and NFT creators like Yuga Labs very angry. The controversy shed light on how complicated the NFT ecosystem is and brought attention to the problems and possible legal consequences of the NFT market.

Mark Cuban and the NFT Community oppose OpenSea's royalty reform
Mark Cuban and the NFT Community oppose OpenSea's royalty reform

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BovineVerse - Game Review

BovineVerse - Game Review

BovineVerse is an innovative gaming platform that operates on the blockchain network. It offers a wide range of features and services to players, including three exciting games, prediction systems, and API interfaces for third-party services. By leveraging the power of blockchain technology, BovineVerse creates a secure and transparent environment for gamers to enjoy and interact with one another. Whether you're looking to test your skills in new games, participate in prediction systems, or connect with other players and services, BovineVerse has something for everyone. The developers of BovineVerse have ambitious plans to create an independent, decentralized metaverse gaming platform where players can invest for long-term returns. In this metaverse, players will be able to own NFTs which will be required for certain aspects of the game and optional for others. The BovineVerse metaverse is intended to be a fully immersive gaming experience where players can fully customize their experience and engage with other players and the community in new and exciting ways. The Fi+ concept is new, in fact, BovineVerse is the one who actually introduced it in the WEB3 gaming community. The majority of people have not heard of it, and it is understandable because it is a purely new idea. The people at BovineVerse claim that Fi+ is an integration of DeFi, GameFi, and SocialFi concepts into a single one. Additionally, the data management will be decentralized. So, the gameplay will be more realistic in the virtual world of the metaverse, and social interactions in the game smoother. Moreover, the combination of all three is the future of gaming on WEB3. Boniverse Gameplay: Three games will be provided on the platform initially which will be low-latency. This will make it a seamless fun experience. BovineVerse players will be the citizens of the metaverse and they will enjoy more features in the near future. The developers of BovineVerse are innovative and pioneering in bringing a new world of metaverse to the people. Tokenomics: The metaverse will use $BVG token for utility and $BVT for governance on the platform. BovineVerse plans on increasing the NFT content of the world, making it a completely user-owned world with the independence of monetizing its social status and social networks. Social networks can only be built by spending more time on the BovineVerse, making you a strong citizen of the metaverse.

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Axiepop - NFT Game Review

Axiepop - NFT Game Review

Axiepop is a play-to-win game that is set within the universe of Axie Infinity, a popular blockchain game featuring collectible creatures called Axies. In Axiepop, players must match groups of three or more Axies of the same color in order to "pop" them and earn points. This puzzle game is similar to Candy Crush in that players must use strategy and skill to clear their board by matching and popping the Axies. The player with the highest score at the end of the game is declared the winner and can earn rewards for their performance. The goal of Axiepop is to get the highest score possible by popping as many Axies as you can in a limited amount of time. To play, you must match Axies of the same color in rows of three or more to make them pop and earn points. There are various power-ups and special abilities available to help you along the way. As you progress through the game, the puzzles will become more challenging and require more strategy to complete. The player with the highest score at the end of the game is the winner. Axiepop is a fast-paced and fun puzzle game that is sure to keep you entertained for hours on end. Axiepop is a puzzle-based game that utilizes Axies, the popular NFTs from Axie Infinity, as the main gameplay elements. Players must match Axies in rows of three in order to pop them and earn points. The game is similar to Candy Crush in its mechanics, with a timer ticking down as players try to clear their board of Axies. Axiepop is expected to be released to the general public in the near future, and it is currently unclear whether it will be a single player or multiplayer experience. However, the website mentions beating an opponent, which suggests that it may be a player versus player (PVP) mode. The player with the highest score at the end of the game will win rewards. Axiepop Overview: The game uses Ethereum blockchain, so you can expect flexibility in terms of what you can do with your rewards. However, the games earning mechanism has not yet been mentioned. A PvP match win would be certain and there might be a chance that the game may have a leaderboard for weekly and monthly rewards. Since the game will be available on both PC and Mobile, players will have the chance to earn on the go. The game at the very least would be a great time pass for when you are commuting or have that extra few minutes during your lunch break. There is no clarity of when the game will actually become available to play. However, with the Axie community being so active, it wouldn’t be that difficult to know when it does. The game promises to be a great alternative to candy crush. It is unlike other puzzle games as this would earn you something.

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CozyVerse Game - Game Review

CozyVerse Game - Game Review

Cozyverse is the ultimate platform ecosystem for games on the Polygon network. Our platform brings together players from all over the world to play, earn, and have fun. Optimized for search engines, Cozyverse is the go-to destination for Polygon gaming enthusiasts. Cozyverse is an ecosystem of entirely on-chain games on Polygon, that aims to create games that benefit from the distinctive gameplay that blockchain technology allows. Join the Cozyverse community today and experience the best in Polygon gaming!

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Influence Review: NFT-Powered MMO Space Strategy

Influence Review: NFT-Powered MMO Space Strategy

Welcome to the captivating universe of Influence, an NFT-powered MMO space strategy game developed by Unstoppable Games on The Sandbox platform. Set in the Adalia system within the asteroid belt, this extraordinary game invites players to stake their claim, harness resources, construct vital infrastructure, and engage in epic conflicts with other players. Let's dive into the universe of Influence and explore the key aspects that make it a unique and engaging gaming experience. The Adalia System: A Refuge for Humanity: The backdrop of Influence is the Adalia system, where humanity sought refuge after escaping a dying Earth aboard the Arvad. The settlers faced unexpected challenges, redirecting to Adalia and discovering hostile planets. As a last resort, they turned to the asteroid belt, claiming mineral rights to thousands of sizable asteroids orbiting TG-29980. The pioneers' journey for survival and prosperity unfolds against the backdrop of a dynamic and treacherous solar system. Gameplay: Command Your Crew in a Play-to-Earn Adventure: Influence offers an immersive play-to-earn experience, allowing players to command diverse crews in a challenging solar system. The gameplay includes exploration of uncharted territories, mining precious resources, constructing vital infrastructure, delving into advanced research, and engaging in thrilling conflicts with other players. Drawing inspiration from games like Civilization, Factorio, and EVE Online, Influence seamlessly blends 4x gameplay, management simulators, and RPG elements. The Phases of Influence: Exploitation, Discovery, Conflict: The game unfolds in phases, each focusing on different aspects of gameplay. The inaugural release, "Exploitation," centers on establishing the foundations of the Adalian economy. Players must control valuable resources, master supply chains, and produce sought-after goods and services. Subsequent phases, "Discovery" and "Conflict," unlock advanced technologies, invent groundbreaking items, and escalate the intensity with epic warfare. Influence promises emergent gameplay reminiscent of Eve Online, strategic depth inspired by Stellaris, and the grand scale of the X-Series. Tokenomics: The SWAY Token and Community Involvement. The SWAY token is the universal currency within Influence, facilitating all fees and buy-side transactions within the game's markets. What sets SWAY apart is its distribution, closely tied to community participation and in-game activities. Unlike traditional token distributions, Influence has excluded external investors and private pre-sales, fostering a fair and inclusive ecosystem. However, player opinions on the SWAY token distribution system vary, with some expressing concerns about potential unfair advantages for active participants. Community Response: A Dynamic and Engaged Player Base The Influence community has been vocal about their experiences. StellarGamer21 praises the unique blend of exploration, resource management, and conflicts, while troEx highlights the dynamic touch added by the community-driven economy. On the flip side, SamTheSam raises concerns about the SWAY token distribution, suggesting that it might heavily favor active participants, potentially creating an unfair advantage. Video Game Review: A Visual Insight into Influence For a visual insight into the gameplay and features of Influence, check out our video game review. Witness firsthand the immersive universe, the strategic depth, and the dynamic player interactions that make Influence a standout title in the MMO space strategy genre. Conclusion: Carve Your Destiny in the Cosmos with Influence Influence, with its NFT-powered gameplay, dynamic economy, and engaging phases, offers a unique space strategy experience. Whether you're a lone explorer or a collaborative force, the Adalia system awaits your influence. Immerse yourself in a gaming adventure where every decision shapes your destiny in the vast cosmic expanse. The universe of Influence is yours to explore, conquer, and leave an indelible mark upon. Explore the cosmos with Influence – your journey begins now!

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vEmpire: The Beginning - Game Review

vEmpire: The Beginning - Game Review

vEmpire: The Beginning is a revolutionary game that was a pioneer in the world of the metaverse. With properties and assets on all major platforms, vEmpire has been leading the way in virtual reality for years. But vEmpire is more than just a game. It's a decentralized autonomous organization (DDAO) that gives players the independence and freedom to make important decisions about their virtual world empire. vEmpire is a play-to-earn, two-player, trading-card, strategy game that lets players compete against each other to conquer territory using their troops. The game is set in the Roman folklore of Romulus and Remus, two legendary brothers who have spent a long time building their armies. In the game, the two brothers battle for the throne after their father's death. Romulus is the man of the people, while Remus is power hungry and will stop at nothing to seize the throne. Players must choose which army to join, and each clan has 51 cards at their disposal. Players must choose 25 cards, and 15 are automatically assigned to enter a battle. Join vEmpire: The Beginning today and conquer the metaverse for glory! vEmpire: The Beginning Tokenomics: The in-game token is called $VEMP and in order to enter a battle, they are required. Moreover, the amount $VEMP will decide your opponents and the earnings of that battle. However, there is also a free-to-play option in the game. It is a 3-round battle mode, and each next round is played with the surviving cards from the previous round. The game is simple but very tactical giving it an exciting experience of power show and earnings. Come and join the empire and rule together with the fraternity.

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Play To Earn Games: Best Blockchain Game List For NFTs and Crypto

Play-to-Earn Game List
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