Split Capital has launched a new proposal, proposing to increase the transaction fee for BLUR and cancel the creator's royalties

Odaily Planet Daily News LiquidityTokenHedging Fund Split Capital said on Monday that it has submitted a governance proposal to Blur, proposing a 0.5% trading fee structure for the Non-fungible Token market and eliminating the 0.5% creator royalty. The proposal states: ‘So far, the market fee for the Blur Non-fungible Token market protocol is 0%, while a minimum creator royalty of 0.5% is enforced. We propose to remove the mandatory creator royalty and increase the protocol fee by 0.5% per transaction.’ Split Capital also stated: “We also propose to establish a fee committee, which can change protocol fees to be able to quickly adjust according to market conditions and competitive landscape.” (The Block)