Gm! With the update on Opensea’s Creator Royalties policy change, we’ve had a number of questions of where things stand and where things will go. The following thread will clarify some information around how Manifold Contracts are affected by OpenSea’s recent changes:
Twitter Thread:
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An update on OpenSea’s Creator Royalties policy change and how they affect Manifold Contracts. Here is a summary on how these changes have affected Manifold Contracts, the state of where things are at now, and what we are providing creators going forward.
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In Summary - Contracts Deployed:
- Before Nov 8: royalties un-affected
- After Dec 1: can opt-in to OpenSea’s policy on royalties
- Nov 8 - Dec 1: We are working with OpenSea and fighting to get creators royalties enabled. If you are affected please contact OpenSea
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As of Nov 8, OpenSea updated their policy on royalties to not enforce royalties unless the contract contained code (the Operator Filter) to block the selling of NFTs on certain marketplaces. Contracts that do not contain this code are not eligible for royalties on OpenSea.
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This policy does not apply to any existing contracts that were deployed prior to Nov 8, meaning these contracts are not affected and have full support for creator royalties on OpenSea.
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On Dec 1, we will release a new version of the Manifold Creator Contract that will enable support for OpenSea’s Operator Filter. This will allow you to choose if you would like to opt-in to OpenSea’s new policy on creator royalties.
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This leaves contracts that were deployed between Nov 8 - Dec 1. As per OpenSea’s policy, unfortunately these contracts will not be eligible for royalties on OpenSea.This matter is out of our hands and there is nothing that we can do with out support from OpenSea.
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We know this leaves a handful of creators in a tough spot. We are working with OpenSea and fighting on creators behalf to get royalty support for these contracts. If you are a creator with a contract affected by this policy change, please contact OpenSea and let them know.
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At Manifold we take the security and reliability of our contracts very seriously. The deadline of Nov 8 left only 2 days to make the necessary changes to be compliant with not leave enough time to audit external code, upgrade systems, and determine the best path going forward
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We hope that this clarifies some of information around how Manifold Contracts are affected by OpenSea’s recent changes. And as always our goal is always to provide creators with the best path going forward to ensure they have full creative sovereignty and their royalties.
