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<h2 id="header-0">NFT Royalties Hit Two-Year Low, Affecting Project Development Funding</h2><p>NFT royalties have reached their lowest point in two years, according to blockchain analytics firm Nansen. In April 2022, NFT creators earned a record $75.7 million in royalties in a single week. However, the recent drop in the floor price of <a href="https://www.coingabbar.com/en/crypto-blogs-details/the-rise-and-fall-of-the-bored-ape-nfts" rel="noopener noreferrer nofollow">Bored Ape</a> Yacht Club NFTs and the controversy surrounding the launch of the Azuki Elementals collection have contributed to the decline. Top earners include Yuga Labs with $165.5 million, RTFKT with $79.9 million, and Azuki with $58.2 million in royalties.</p><p>Nansen emphasizes the significance of royalties as an indicator of ongoing development funding for NFT projects. The distribution of royalties has shifted from OpenSea to rival marketplace Blur, which implemented a minimum 0.5% royalty policy. The top 10 NFT collections have earned over $345 million in royalties, with Yuga Labs accounting for 44% of that total.</p>

NFT Royalties Plummet to 2-Year Low, Affecting Project Development

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