Contract Royalties

Opensea has a hard cap of 10% on collection royalties, which means there is currently an inconsistency of royalties across different platforms.

Looksrare is able to leverage EIP-2981, which allows us to set royalties directly on the contract, a feature we hope all platforms will eventually adopt. At this time contract royalties are set to 20% as previously voted by the DAO.

Please vote on how we should structure royalties across platforms in light of this inconsistency.

NOTES:

1. Adjusting royalties on the contract will impact other platforms such as Zora & is only to accommodate Opensea.
2. These adjustments can be reverted or adjusted at anytime