Yuga Labs founders suggest allowlist that restricts BAYC trades to royalty-enforced marketplaces
The Yuga Labs co-founders suggested maintaining NFT royalties upon sales only to marketplaces that enforce royalties via an allowlist.
Yuga Labs’s Bored Ape Yacht Club NFT collection has brought in the most royalties out of any NFT project. Wylie Aronow and the other co-founders of Yuga Labs have suggested a method to allow Bored Ape Yacht Club NFT sales only to royalty-enforcing marketplaces. They suggest doing this through an allowlist which would check the wallet address for a BAYC transaction, as detailed in a Substack. If it’s a normal wallet, or externally owned accounts, the transaction would automatically go through since it’s impossible to tell whether someone’s harmlessly swapping an NFT between their wallets or attempting a trade that bypasses royalties such as through wrapping.
If the allowlist detects a transaction request from the smart contract of an NFT marketplace that bypasses royalties, the transaction would be denied.through NFT royalties so far — the most of any collection, according to a Galaxy Digital report. Implementing an allowlist helps Yuga Labs keep this recurring revenue while forgoing a deny list, or blocking certain wallet addresses, of NFT marketplaces that don’t uphold royalties that other NFT projects have done.
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