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

Odaily News Liquidity token hedge fund Split Capital said on Monday that it had submitted a governance proposal to Blur, proposing that the NFT market adopt a new transaction fee structure of 0.5% and cancel the 0.5% creator royalty. The proposal reads: "To date, the market fee of the Blur NFT market protocol is 0%, while implementing a minimum creator royalty of 0.5%. We propose to cancel the mandatory creator royalty and add a 0.5% protocol fee to each transaction." Split Capital also stated: "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)