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Nonfungible token (NFT) marketplace Rarible has seen a substantial uptick in trading volume over 24 hours following a public statement in support of maintaining NFT creator royalties.It comes as competitor NFT marketplaces such as OpenSea have rewound support for royalties and royalty enforcement — prompting other NFT projects to also
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Since 2021, pop superstar Taylor Swift has been rerecording and releasing her entire back catalog of albums in an effort to break away from her previous record label and gain greater control over her art. The fact she has
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Royal pain: NFT creators are making less money from secondary sales than they have in two years, according to a report from data analytics platform Nansen. Royalty payments hit their peak in April 2022, reaching 28,000 ETH (nearly $76 million) for creators in one week. Meanwhile, June’s best week saw
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Royalties earned by nonfungible token (NFT) projects have reached their lowest point in two years, according to a report from blockchain analytics firm Nansen.Data shared with Cryptox highlights the low point for NFT royalties before the impact of a recent drop in the floor price of Bored Ape Yacht Club
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NFT royalties make art and digital content a sustainable source of income for creators. As payments could typically be programmatic, there could be multiple creators who could benefit from this model. From a principle and economic standpoint, NFT royalties offer a number of advantages to the ecosystem. It is
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Calderon delivered a defense of creative royalties – and the incentives that they encourage on the part of artists – that wouldn’t be out of place in an Ayn Rand novel. According to Calderon, NFTs incentivize artists to think more deeply about their artwork and engage continuously in the NFT
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The swift rise of artificial intelligence-generated art has shaken creatives across various industries. While many have highlighted copyright infringement issues involving AI-generated art, not all artists are against the fusion of AI and their intellectual property. According to a tweet from Canadian musician and producer Grimes, she says will treat AI
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The nonfungible token (NFT) space has been a proven gateway for helping users take their first steps into the Web3 space. This is particularly true when it comes to artists and creators using Web3 tools to enhance their work. However, new data from eBit Labs and LiveArt marketplace reveals that the loss
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“That means that billions of dollars went to creators but, more importantly, an even larger number went to owners of the assets of these entities that fueled an industry that made it possible to create companies like Blur, OpenSea or Magic Eden,” he said. Source
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“This is the start of a new era for OpenSea,” the marketplace said on Twitter. “We’re excited to test this model and find the right balance of incentives and motivations for all ecosystem participants – creators, collectors, and power buyers and sellers.” Original Source
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