Yuga Labs blacklists NFT marketplaces that do not support royalties Yuga Labs blacklists NFT marketplaces that do not support royalties
The Sewer Pass NFT contract blocks transactions from wallets linked to LookRare, SudoSwap, Blur, and NFTX.
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Updated: Jan. 20, 2023 at 10:29 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Bored Ape Yacht Club (BAYC) creator Yuga Labs blacklisted addresses related to LookRare, SudoSwap, Blur and NFTX for not supporting royalties for its Sewer Pass NFT.
Royalties are payments made to NFT creators each time their assets are sold on a marketplace. OpenSea mandates creator royalties of up to 10% — while others like LooksRare and SudoSwap have made the royalties model optional.
Yuga Labs also published a blog post on the matter and a spokesperson told CryptoSlate:
“We’ve always been a creative-first company, and we believe that creator royalties must be protected. You can read more about our point of view here. The Sewer Pass free claim will only be traded on platforms respecting creator royalties.”
In light of the ongoing NFT royalties debate, Yuga Labs has moved to ban transactions from marketplaces that do not support royalties for NFTs like its Sewer Pass.
Sewer Pass is an NFT that grants its holders access to Yuga Lab’s Dookey Dash interactive skill-based game. A closer look into the Sewer Pass contract shows that some addresses have been blacklisted.
Simon Cousaert disclosed in his Twitter thread that some of the blacklisted addresses include exchange contracts from LookRare, SudoSwap, Blur, and NFTX.
Consequently, users will not be allowed to buy the Sewer Pass NFT through LooksRare, SudoSwap, Blur, or NFTX. However, the collection can be purchased via OpenSea.
As of press time, the total trading volume of the Sewer Pass collection on OpenSea stood at 7,904 ETH — approximately $12 million — over the last 24 hours.
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Posted In: NFTs
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Christian Nwobodo
Christian is a crypto-curious nerd who loves to investigate how protocols work under the hood. Christian is interested in DeFi protocol research, token economics, and on-chain analytics.
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Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Yuga Labs
Yuga Labs is one of the savviest marketers of NFT brands, including Bored Ape Yacht Club, a collection of 10,000 Bored Ape NFTs—unique digital collectibles living on the Ethereum blockchain.