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Will Yuga Labs face legal action over 'Super Punk World' royalty fee by end of 2024?
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Yes • 50%
No • 50%
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Yuga Labs Completes Nina Chanel's 'Super Punk World' NFT Airdrop, Trading at 1.10 ETH Amid Royalty Fee Controversy
May 31, 2024, 04:22 PM
Yuga Labs has completed the airdrop of the 'Super Punk World' NFT collection, a collaboration with renowned artist Nina Chanel Abney. The collection consists of 500 pieces with 198 unique traits and has started trading on Magic Eden, with initial sales ranging from 0.92 to 1.2 ETH, and trading at 1.10 ETH. The official reveal of the collection is scheduled for May 31st at 12:00 PM ET. However, the launch has been met with controversy due to Yuga Labs' strict enforcement of a 6% royalty fee on sales, which includes attorney's fees and other costs. This has sparked backlash from the community. Some users have expressed frustration over the aggressive terms, while others argue that artist royalties should be respected.
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Yuga Labs wins • 33%
Settled out of court • 33%
Yuga Labs loses • 33%
Increase royalty fee • 25%
Decrease royalty fee • 25%
Eliminate royalty fee • 25%
No change • 25%
Positive • 33%
Negative • 33%
Neutral • 34%
Significant negative impact • 33%
No significant impact • 33%
Positive impact • 33%
