The NFT market has observed stiff competition between platforms in the current bear market.
Recently, trading platforms such as X2Y2 have launched zero-royalty features. There have been heated discussions around whether royalties should exist or not. This report focuses on three aspects of royalty reform: (1) the delicate buildup to this event; (2) deeper reasons for SudoSwap and X2Y2 to cancel royalties; and (3) future direction of royalty reform.
Click here to download the full report from Huobi Research Institute.