Declaring the move its "next experiment," the NFT collection DeGods is the latest to institute a 0% royalty policy. Calling the move the best decision for its business, it effectively removes the collection from potential future legal actions relating to artist royalties.

Non-fungible tokens, also known as NFTs, are cryptographically unique tokens linked to digital and physical content, memberships, or proof of ownership.

Prior to NFTs, the industry standard was to pay royalties to artists as a percentage of purchases on the secondary market. However, these follow-on sales were difficult to track—a problem that NFTs are well-positioned to solve.

But recent moves by artists and NFT marketplaces have shown a desire to move away from this model. Top Ethereum NFT collection CryptoPunks also has a 0% royalty structure, and other prominent creators are giving away all commercial rights to their work.

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DeGods announced the change on Sunday, posting to the collection's Twitter account.

"We still believe that royalties are an incredible use case of NFTs," DeGods tweeted on Sunday. "We will continue to support creators that want to find solutions to enforce royalties."

Launched in October 2021, DeGods are a collection of 10,000 Solana NFTs. Holders of DeGods and DeadGods NFTs can stake those NFTs and earn DUST utility tokens for doing so. Dust Labs' DUST utility token was initially launched as a reward for DeGods holders.

The DUST utility token is currently trading at $1.27, down 4.7% since DeGods' announcement, according to data from CoinGecko.

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DeGods says the new 0% royalties stance will apply to the t00bs and y00ts NFT collections.

"If royalties go away… I think the space will be more open to redefining what ‘rug’ means," tweeted DeGods pseudonymous creator Frank, referring to accusations that DeGods was a “rug pull” or scam. "For 5 months people labeled us a dead project & a rug."

In an effort to lower fees, Solana NFT marketplace Solanart had announced in August that it was "re-introducing" custom fees on the marketplace for buyers and sellers, tweeting, "This time YOU choose what's fair.”