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- OpenSea has introduced an optional creator fee mechanism, effective from August 31, 2023.
- The mandatory OpenSea Operator Filter, which imposed creator royalties, will be discontinued.
- For existing collections already using the OpenSea Operator Filter by August 31, creator fees will be enforced until February 29, 2024, after which they will be optional.
- The same applies to existing collections on non-Ethereum blockchains: creator fees will be mandatory until February 29, 2024, then optional.
- As of August 31, new collections will have the choice to apply creator fees or not.
- NFT marketplace Magic Eden has revealed the initiation of a $1 million creator fund on the Polygon network.
- The fund's purpose is to foster emerging creators and facilitate collaboration with established industry figures and advisory teams.
- Magic Eden's goal is to identify and uplift the upcoming generation of NFT projects on Polygon, enabling them to launch their collections via the Magic Eden Launchpad.
- SpaceX, under Elon Musk's leadership, incurred a Bitcoin value write-down of $373 million in 2020 and 2021. The company also sold a portion of its Bitcoin holdings.
- Tesla, another Musk-led company, followed a similar pattern with its Bitcoin holdings.
- In Q1 2023, SpaceX posted a profit of $55 million alongside a revenue of $1.5 billion.
- Established by Elon Musk more than twenty years ago, SpaceX has evolved into a major player in US rocket launches and has ventured into satellite-based internet services.
- Bitcoin and Ethereum experienced significant value drops, hitting their lowest points in nearly five months.
- Bitcoin fell to 24,220 USDT, while Ethereum dropped to 1,470 USDT.
- Both cryptocurrencies have partially recovered, with Bitcoin at around 26,600 USDT and Ethereum at 1,686 USDT.
- Despite the recovery, both still show around an 8% decline for Bitcoin and a 7% decrease for Ethereum over the course of the day.
