TechFlow news — According to DappRadar data today, Element has returned to the third place in the Ethereum NFT marketplace rankings over the past 24 hours, trailing behind OpenSea and Blur. Wang Feng, founder of Element, shared three points on Twitter:
* OpenSea's new policy introduced a royalty filter affecting platforms including Blur, x2y2, LooksRare, and SudoSwap, marking the biggest recent event in the NFT market.
* The new version of Element has updated its royalty rules to align with OpenSea’s strategy. In short, whether to charge zero royalties or collect royalties is up to consensus. However, we offer lower gas fees, lower transaction fees, and better tools than OpenSea.
* We will monitor market responses, take a moderate approach, listen to our user community, collaborate with creators, and compete fairly through product innovation.
