OpenSea reveals that NFT creators received collectively more than $1 billion in royalties this year.

Creators selling NFTs on OpenSea have grossed over $1.1 billion this year, with 80% of that coming from collections outside the top 10.

These earnings do not include sponsor earnings, contribution incentives, or grants. According to a blog post by Shiva Rajaraman, VP of Product at OpenSea, which analyzed transactions that included creator fees between Jan. 1 and Nov. 23,

OpenSea holds the largest market position by monthly volume. which at the beginning of the month The company has revealed a tool that will allow creators to launch new collections on a platform where creator fees can be enforced on-chain, with smart contract code restricting the sale of NFTs to markets where creator fees are enforced.

until now Royalties for NFT projects on Ethereum totaled $1.8 billion, according toGalaxy Digital report Released in October, the top 10 NFT projects grossed $489 million, or 27% of total royalties earned, while Yuga Labs, whose Bored Ape, Mutant Ape, and Otherside projects earned $147.6 million. dollars, followed by Art Blocks at $82 million.

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