Split Capital launches new proposal, proposing that Blur increase transaction fees and eliminate creator royalties

Liquidity token hedge fund Split Capital said on Monday that it had submitted a governance proposal to Blur, proposing that the NFT marketplace adopt a new transaction fee structure of 0.5% and eliminate the 0.5% creator royalty. The proposal reads: "To date, the Blur NFT marketplace protocol has a market fee of 0% and a minimum creator royalty of 0.5%. We propose to eliminate the mandatory creator royalty and add a 0.5% protocol fee to each transaction." Split Capital also said: "We also propose to establish a fee committee that can change the protocol fee rate so that it can be quickly adjusted according to market conditions and the competitive landscape." (The Block)