Blur Enforces Royalties for Opensea Boycotters, ZkSync Launches zkSync Era Testing
Feb 16, 2023
Market Update Digital asset markets have continued to decouple from legacy markets since Tuesday. $BTC (+2.6%) briefly spiked above $25k this morning before retracing right below, while $ETH (+2.5%) broke $1.7k and is holding above the level at the time of writing. On the other hand, $SPX (-0.4%) and $QQQ (-0.4%) opened lower before trading upwards. Markets were spooked by signs of persistent inflation following a higher annual PPI print of 6.0%, perhaps an indication that the Fed will need to keep rates higher for longer to tame inflation. $ACS and $FLOKI has been the top gainers over the past day and past week. The former is a content monetization platform on Solana, while the latter benefitted from Elon's jovial tweet on the new CEO of Twitter named 'Floki.' Blur's airdrop (expanded on below) also caused a spike in gas fees, contributing to Ethereum's deflation in the past month. Following a successful airdrop on Tuesday, NFT marketplace Blur has announced it will enforce full creator royalties for any collection that blocks trading on incumbent Opensea. Blur, which launched last October, did not fully honor creator royalty settings before, only enforcing a 0.5% minimum with the option for traders to pay more. This escalation comes after Opensea rolled out a blockli