Nifty News: Yuga cuts non-royalty markets, South Korea to discuss NFTs with Gary Gensler

Yuga Labs takes down some of its NFT collections from marketplaces that do not support creator royalties.

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Nonfungible token (NFT) company Yuga Labs will take its collections out of NFT marketplaces that do not support royalties for all creators. 

On Feb. 26, Yuga, the company behind the popular Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) collections, announced on X (formerly Twitter) that some of their NFT collections will only be traded on marketplaces that “respect creator royalties.” They wrote: 

While Yuga Labs is taking out support for non-royalty marketplaces, it will only apply to some of its NFT collections. This includes their collections with a royalty filter like Sewer Passes, HV-MTL, 10KTF, Otherside and more.

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