NFT World Cup Initiative Launched, Market Actors Launch NFT Royalty Solutions

According to a recent press release, a major U.S. financial services firm has partnered with a major cryptocurrency exchange to launch an NFT auction for fans of the FIFA World Cup Qatar 2022. The initiative will reportedly feature digital art designed using an algorithm and “inspired by iconic goals from five legendary footballers.” The experience will become immersive later this month, when fans will be able to create their own “digital art inspired by their own signature movements” and mint the art onto their own NFT.

This week, NFT marketplace OpenSea reportedly unveiled a new onchain tool that will facilitate enforcement of royalties. The tool, described in an OpenSea blog post as a “simple code snippet,” is intended to allow NFT creators to enforce fees onchain on an opt-in basis and block their NFTs from being listed on marketplaces that do not support creator fees. The tool is available only for new, not-yet-existing NFT collections, a decision that