Author(s): synth, drmsxmchns
This proposal aims to increase revenue through an increase in the current OpenSea royalties.
The current OpenSea royalties are set to 2.5% with a breakdown of 0.5% for the team and 2% for the honeypot. We believe the royalty fee is on the lower end of the NFT with some projects being closer to the 10% maximum. It is our belief that increasing the fees will not have a substantial impact on sales price or volume as other variables such as gas prices play a much more important role.
Increasing royalties increases our revenue moving forward.
A larger Honeypot will raise the intrinsic value of bears moving forward and be a great selling point for our marketing.
This would be a simple adjustment to our OpenSea account royalties.
Poll below for voting your preference:
- 2.5% (2.0% to DAO0.5% to team) No Change
- 5% (5.0% to DAO, 0.5% to team)
- 7.5% (7.0% to DAO, 0.5% to team)