OpenSea, a leading platform for trading nonfungible tokens (NFTs), has introduced support for the ERC-721C token standard, revolutionizing how creators can earn revenue from their digital assets. This innovative standard empowers creators to implement programmable and enforceable earnings directly on the blockchain.

With this new feature, creators on OpenSea now have the ability to enforce earnings with just one click. This development comes in response to the growing need for standardized token transfer conditions, including royalties, across all platforms. Previously, creators faced challenges with NFT wash trading, where users could bypass royalty commissions on secondary markets by transferring tokens through self-custody wallets or other marketplaces that did not honor creators' royalty requirements.

The introduction of the ERC-721C standard addresses these issues by providing a solution that ensures royalties are enforced regardless of where the token is traded. This helps maintain the integrity of creator earnings and incentivizes fair trading practices within the NFT ecosystem.

The implementation of ERC-721C on OpenSea was made possible by the March 13 Dencun upgrade on the Ethereum network. Creators can now list their digital artwork on OpenSea knowing that their earnings will be protected, with the platform matching the lowest royalties available on other marketplaces set by the creator.

Moreover, this feature is fully compatible with OpenSea's Seaport 1.6, allowing for additional programmability of NFTs. For instance, creators can set conditions for their tokens to be sold only under certain circumstances, such as changing metadata in response to sales volume.

While the exact percentage of NFT royalties varies, typically ranging from 2.5% to 10% per sale, the potential for earnings is significant. The top 10 NFT collections have collectively earned over $345 million in royalties since their inception, underscoring the lucrative opportunities available to creators in the NFT space.

Overall, OpenSea's support for the ERC-721C standard represents a significant step forward in empowering creators and ensuring the long-term sustainability of the NFT market. By providing a mechanism for programmable and enforceable earnings, this development fosters transparency, fairness, and innovation within the burgeoning world of digital art and collectibles.