OpenSea recently released an official tweet to inform users about transferring the Operator Filter Registry’s ownership. According to the tweet, the transfer should take place before January 2nd.
The transaction is concluded by the platform using a multisignature that has been operated by a collective entity, which includes:
- Nifty Gateway
OpenSea continued to tweet about the attacks on creator fees in the market. Several marketplaces have breached the industry that doesn’t respect creator fees. This has resulted in a decrease in the value of creators across the domain.
OpenSea has been actively working to save creator fees for companies. The platform supported this initiative through its Operator Filter (an on-chain enforcement tool).
Operator Filter version 1 has some issues that require reiteration. The platform is continuously improving the tool in order to improve its governance. OpenSea decided to give its control to CORI, the Creator Ownership Research Institute.
CORI intends for a decentralized entity to possess the following:
- Transparency in the governance of Operator Filter Registry, as well as its policies.
- In-built public R&D dedicated to improving the mechanism for the creator fees.
The platform expressed great pleasure in partnering up with the group that created the royal registry.xyz.
This operation will lead the governance phase and expand its reach quickly to more stakeholders. The development has gained instant popularity and more people are expected to follow suit.