NFT royalty payments have hit a two-year low in June, according to a report by Nansen. The decline has been attributed to the rise of royalty-optional marketplace Blur and OpenSea's policy. Currently, collections need to include an on-chain enforcement method in their smart contract for creator earnings to be enforced on OpenSea, otherwise the royalty fee defaults to a minimum of 0.5%.

Despite the drop in June, blue-chip collections such as Yuga Labs and Chiru Labs have raked in millions in royalty payments since their inception. The conversation about honoring NFT royalties began in October when Blur launched its zero-fee marketplace.