Mark Cuban slams OpenSea’s optional NFT royalties as industry misstep

August 18, 2023

in Crypto

Reading Time: 2 mins read

Billionaire investor Mark Cuban criticized OpenSea’s decision to make royalties payment on non-fungible tokens (NFT) optional, describing it as a “HUGE MISTAKE” that would hurt the industry and diminish trust, according to an Aug. 18 tweet.

NFT royalties

On Aug. 17, OpenSea stated that it would stop enforcing creator royalty fees on secondary sales by the end of this month.

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Mark Cuban slams OpenSea’s optional NFT royalties as industry misstep

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Mark Cuban slams OpenSea’s optional NFT royalties as industry misstep

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