Blur’s proposal aims to add a framework for adding protocol fees and redirecting fees to vote-escrowed BLUR (veBLUR) tokens.

To date, the Blur NFT marketplace protocol has had 0% marketplace fees while enforcing 0.5% minimum creator royalties. Blur proposes to remove enforced creator royalties and add a 0.5% protocol fee on every trade.

Split Capital and @split_research have submitted a governance proposal for @blur_io to enable a fee switch for the Blur marketplace protocol and to redistribute fees to veBLUR holders. 

Proposal: https://t.co/G91ZrMTVjX

A governance proposal has been submitted by @SplitCapital to enable a fee switch for $BLUR

Join the discussion in the governance forum 👇

Blur

Blur’s proposal aims to add a framework for adding protocol fees and redirecting fees to vote-escrowed BLUR (veBLUR) tokens.

To date, the Blur NFT marketplace protocol has had 0% marketplace fees while enforcing 0.5% minimum creator royalties. Blur proposes to remove enforced creator royalties and add a 0.5% protocol fee on every trade.

https://x.com/blur_io/status/1856040469421273309