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  • Writer's pictureKyle

COPYPASTA:The Bored Ape Yacht Club Stands With Yuga After The Company Stood Up For Creator Royalties

After Yuga Labs took a stand in support of creator royalties yesterday, Bored Apes from across the swamp spoke up and said that they ‘STAND WITH YUGA.’

Things have been anything but boring in the web3 ecosystem this week as Opensea, the leading NFT Marketplace, announced that the platform would be making creator royalties optional on all collections on February 29th, 2024.

“We’ve had a few learnings since launching our Operator Filter: - It relied on opt-in from the entire ecosystem, which didn’t happen,” Opensea tweeted in a six-tweet thread. “Creator fees choice is important for collectors and creators. Creator fees are just one of many revenue streams available to creators in web3. To be clear, creator fees aren’t going away – the ineffective, unilateral enforcement of them is.”

Following Opensea’s announcement, Yuga Labs’ CEO, Daniel Alegre, would be setting sail from Opensea in search of friendlier ports.

“At Yuga Labs, we are committed to help foster an ecosystem where new and innovative content is created and where creators are rewarded for their work, he wrote. “ In light of Opensea’s announcement yesterday that they will be sunsetting the Opensea Operator Filter they introduced and moving to optional creator fees on all secondary sales for all collection by February 2024, Yuga Labs will begin the process of sunsetting support for OpenSea’s Seaport for all upgradable contracts and any new collection, with the aim of this being complete in February 2024 in tandem with Opensea’s approach. For as much as NFTs have been about users truly owning their digital assets, they’ve also been about empowering creators. Yuga believes in protecting creator royalties so creators are properly compensated for their work.”

After Alegre's announcement, Bored Ape Yacht Club member Apetronaut tweeted, "WE STAND WITH YUGA," and initiated a new copypasta around the swamp, with hundreds of Apes tweeting the same thing!

“Watching the movement gain traction has been nothing short of heartwarming,” Apetronaut told the Gazette. “It's a testament to the strength of our community and the shared values that bind us together. Witnessing people from all corners of the Bored Ape Yacht Club community and beyond rally behind this cause reaffirms our sense of purpose and unity. It's a powerful reminder that when we come together to advocate for what's right, we can amplify our voices and effect change. This movement has ignited a sense of collective empowerment, showing that we have the ability to make a meaningful impact in the digital art world and beyond.”

The Bored Ape Gazette will continue to follow Yuga Labs as the company sets sail for a place where royalties are enforced. Stay tuned for updates!

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