[BIP-002] Increase OpenSea Royalties to 5%

Status: Proposed

Author(s): synth, drmsxmchns

Discussions-to: [BIP-002] Increase OpenSea Royalties to 5%

Created: 2021-08-24T05:00:00Z

Buzzed Summary

This proposal aims to increase revenue through an increase in the current OpenSea royalties.


The current royalties are set to 2.5%. The previous sentiment check identified overwhelming support for a royalties increase to 5%. This proposal does not change the existing division of royalties (80% treasury / 20% developers).


It is important to identify means to increase our treasury as this secures our future prosperity through an increase in intrinsic value per bear.

Specification Overview

An increase in royalties to 5% would be the most direct method to increase revenue and bearholder value with minimal risk.


The proposed increase provides a substantial increase in revenue per transaction. We believe that the downside risks are minimal; variables such as gas prices play a much greater role in commerce than royalty percentages. The proposed increase is comparable to other projects.


Copyright and related rights waived via CC0.