The well-known Yuga Labs, which made the Bored Ape Yacht Club and Otherside Metaverse, said that it would charge a 5 percent royalty fee on all second-hand sales of the Meebits NFT collection.
The Meebits team shared this news on their official Twitter account and said that this change will be made right away for secondary sales on OpenSea, LooksRare, and other sites.
Yuga Labs bought the rights to the Cryptopunks and Meebits NFT collection in March. As part of the deal, Yuga Labs gave owners of CryptoPunks and Meebits the same commercial rights as owners of BAYC NFT.
Yuga didn’t say what the fees were for, but it seems like the royalties would be used to keep the Meebits party going by funding development.
The Meebits team has also brought together “brilliant creative thinkers and some die-hard Meebits community members” to build and grow the community and the NFT collection.