diff --git a/ARCs/arc-0049.md b/ARCs/arc-0049.md
index ac429d4af..ba5fdd09d 100644
--- a/ARCs/arc-0049.md
+++ b/ARCs/arc-0049.md
@@ -25,7 +25,7 @@ NFT marketplaces applying for this program:
 
 ### Allocation of rewards
 - Rewards will be allocated proportionally based on volume for each qualified NFT marketplace.
-- For qualifying marketplaces with more than 50% of total NFT marketplace volume, rewards will be capped at 50%.
+- For qualifying marketplaces with more than 50% of total NFT marketplace volume, rewards will be capped at 35%.
 
 ### Requirements for initiatives
 1. The rewards (ALGO) must ultimately go to NFT collectors/end users and creators.