According to ChainCatcher, according to an analysis article by The Block, Blur's introduction of a 0.5% royalty has greatly eroded the revenue of NFT studio Yuga Labs. Yuga Labs' royalty revenue in the third quarter of this year dropped sharply from $8.7 million in the first quarter to $2.5 million.

Brad Kay, an analyst at The Block Research, said that Blur's 0.5% royalty, coupled with attractive airdrops and bidding measures, incentivized traders. "By cutting transaction costs, it increased traders' profits and siphoned away a lot of user activity from higher-fee platforms such as OpenSea, where Yuga Labs had previously thrived." Kay believes that "this shift not only led to a sharp contraction in Yuga Labs' royalty revenue, but also led to a fundamental reconfiguration of the NFT market."

ChainCatcher previously reported that Yuga Labs announced a reorganization last week to focus on core matters.