Please note, this is a STATIC archive of website www.coindesk.com from 28 Feb 2023, cach3.com does not collect or store any user information, there is no "phishing" involved.
The on-chain tool will blacklist collections from being resold on marketplaces that don’t enforce royalties and will only apply to new collections listed on the platform.
A growing list of marketplaces are seeing the impacts of platforms ceasing to require buyers to pay royalties on collections. Experts aren’t optimistic about what this means for the market.
The top NFT marketplace by market share is taking additional efforts to protect its users from phishing attacks and prevent the resale of stolen NFTs on its platform.