Sunday, October 1, 2023
  • Login
  • Register
btclive365.com
  • Home
  • Cryptocurrency News Today
  • Bitcoin (BTC)
  • Altcoins
  • Blockchain
  • Crypto Mining
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency
No Result
View All Result
  • Home
  • Cryptocurrency News Today
  • Bitcoin (BTC)
  • Altcoins
  • Blockchain
  • Crypto Mining
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency
No Result
View All Result
btclive365.com
No Result
View All Result
Home NFT

Creators Speak Out Amid Royalties Controversy

btclive365 by btclive365
November 10, 2022
in NFT
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Now that marketplaces have had their say, a number of high-profile creators have begun to share their thoughts on creator royalties, with BAYC parent, Yuga Labs, and OG artists Seneca and FEWOCiOUS all having their say.

In a heartfelt plea, both FEWOCiOUS and Seneca reached out to their legions of Twitter followers to admonish the recent trend of NFT marketplaces to sacrifice creator royalties in a bid to lower prices. As a result, highlighting royalties as a prime driving force behind their support for NFTs.

Without which, many artists operating within the industry would no longer receive just compensation for their work. Begging the question, what would happen to the market if NFTs were no longer profitable for those making them?

Dear @opensea pic.twitter.com/dkHF2JlbVC

— FEWOCiOUS (@fewocious) November 7, 2022

In addition, BAYC creator, Yuga Labs has also stressed the importance for marketplaces to honour royalties, stating ‘For a lot of artists and creators, the existence of creator royalties has been the single most important factor that brought them into the ecosystem’.

They went on to propose a solution that would see a collection level smart contract block zero fee marketplaces, while continuing to allow P2P transfers between wallets. Something that it stresses as pivotal to the whole NFT infrastructure.

So, as NFT marketplaces continue to chase the quick sale, they should also take a moment to reflect on their actions. Should a viable solution present itself, those ditching creator royalties may see their policy catch up with them. However, if no solution is found, they may start to see the supply of NFTs begin to dry up.

Want more? Connect with NFT Plazas

Join the Weekly Newsletter
Join our Discord
Follow us on Twitter
Like us on Facebook
Follow us on Instagram

Image credit via: Seneca

*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

russ-nftplazas-chicken

Decentralised human, Explorer, Adventurer.





Source link

Previous Post

Kanye West Needs Bitcoin – Bitcoin Magazine

Next Post

What is Leverage in Forex? Forex Leverage Explained

btclive365

btclive365

Next Post

What is Leverage in Forex? Forex Leverage Explained

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 23.8k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest

Amazon Announces Another Mass Layoff Affecting 9,000 Personnel

March 21, 2023

what does forex market open times?

April 14, 2023

How to sell Bitcoin – Bitcoin Magazine

November 9, 2022

Add a Tangible Asset to Your Portfolio: Buy Gold

January 7, 2023

Bitcoin price hits 2-week lows as FTX ‘bank run’ drains BTC reserves

1

Building Homesteader Lifestyle With Bitcoin – Bitcoin Magazine

1

Arbitrum dealings activity rockets 550% since August: Delphi Digital

0

Bitcoin․com Doubles Down on Self-Custody With Launch of Verse DEX – Press release Bitcoin News

0

1inch Network Price Prediction 2023, 2024, 2025, 2026

October 1, 2023

SEC initiates legal action against FTX’s auditor

October 1, 2023

Is This Where the Next Crypto Goldmine Lies?

October 1, 2023

XRP Army’s Positive Outlook: Insights on Staying Bullish Beyond Ripple’s Crossovers

October 1, 2023

Recent News

1inch Network Price Prediction 2023, 2024, 2025, 2026

October 1, 2023

SEC initiates legal action against FTX’s auditor

October 1, 2023

Is This Where the Next Crypto Goldmine Lies?

October 1, 2023

XRP Army’s Positive Outlook: Insights on Staying Bullish Beyond Ripple’s Crossovers

October 1, 2023

We deliver up-to-date, breaking crypto news about the latest Bitcoin, Ethereum, Blockchain, NFTs, and Altcoin trends and happenings

Follow Us

Browse by Category

  • Altcoins
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Mining
  • Cryptocurrency News Today
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency

Recent News

1inch Network Price Prediction 2023, 2024, 2025, 2026

October 1, 2023

SEC initiates legal action against FTX’s auditor

October 1, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2022 btclive365 All Right Rivered .

No Result
View All Result
  • Home
  • Cryptocurrency News Today
  • Bitcoin (BTC)
  • Altcoins
  • Blockchain
  • Crypto Mining
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency

© 2022 btclive365 All Right Rivered .

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In