According to Cointelegraph: Nonfungible token (NFT) marketplace Rarible experienced a significant increase in trading volume within 24 hours after publicly supporting the maintenance of NFT creator royalties. This comes as rival NFT marketplaces, such as OpenSea, have rolled back support for royalties and royalty enforcement, leading other NFT projects to follow suit. Data from analytics platform DappRadar reveals that Rarible's 24-hour fiat trading volume reached $1,500 across 38 sales on August 23, marking a 653% increase from the previous day. In comparison, OpenSea saw a 15% trading volume decrease over the same period, while LooksRare and X2Y2 had respective 24-hour volume increases of 5.8% and 14%. Rarible's volume growth comes after co-founder Alex Salnikov announced on August 22 that the platform would no longer support marketplaces that neglect royalties and would stop aggregating orders from OpenSea, LooksRare, and X2Y2 by September 30. Salnikov emphasized the importance of valuing and compensating creativity in the NFT space. In February, OpenSea stopped enforcing NFT creator royalties, admitting it lost ground to Blur, another popular NFT marketplace that doesn't enforce creator royalties. On August 17, OpenSea revealed it would close its royalty enforcement tool, which allowed creators to blacklist non-royalty enforcing marketplaces, due to a lack of adoption. Meanwhile, royalties earned by Ethereum-based NFT projects reached a two-year low in July, according to data from analytics firm Nansen.