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“No other industry was affected by piracy like music was in the early 2000s,” Guerrero said, explaining that royalty payments suffered as streaming and torrent services gained popularity. “Musicians are already fighting for royalties of any use of music independent of Web3, but some big voices in the space are
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In addition, the new protocol also offers dynamic royalties, a feature that outlines a relationship between an NFT's sale price and royalty amount based on a linear price curve, along with customizable token transferability, which allows creators to gamify the rules of their collection's trading behavior. Source
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Chinese firms bet on ‘Metaverse-like’ experiences for FIFA World CupChina-based technology companies are reportedly working on tech that would give Chinese soccer fans the ability to watch the FIFA World Cup within the Metaverse.The efforts are part of a five-year plan released by the Chinese government in early November to
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NFT marketplace OpenSea has announced it will continue to enforce royalties across all collections going forward, following an outcry from creators earlier this week for considering otherwise. On Nov. 7, OpenSea announced they were launching an on-chain tool allowing creators to enforce royalties for any new collections on the platform but
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“The world is otherwise burning, but we decided this couldn’t wait,” a representative from OpenSea told CoinDesk. Original Source
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The founder of Bored Ape Yacht Club (BAYC) has weighed in on the ongoing non-fungible token (NFT) creator royalties debate and shared a potential path forward that they believe best deals with the issue.A Nov. 8 blog post from BAYC co-founder Wylie Aronow — co-signed by co-founders Greg Solano and
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Artists have boycotted some exchanges that moved away from royalties. For instance, X2YX has seen trading volume drop from 11,540 ETH on Aug. 26, the day it ditched royalties, to 547 ETH, Decrypt reported. “A month ago, around 75% of NFT buyers opted-in to paying royalties on [X2Y2], when given
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Nonfungible (NFT) marketplace OpenSea appears to have taken a position in the NFT royalties debate — launching a new "on-chain" tool helping creators enforce royalties. The NFT marketplace, which according to CoinGecko commands 66% of the market share in NFT marketplaces, has been relatively silent on the issue of royalties and
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Alex Fleseriu, CEO of Exchange Art, told CoinDesk that because the platform was originally built for artists “exploited” by the lack of set royalties in the fine art world, it remains motivated to help artists more fairly earn their share in Web3. Source
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NFT marketplace says no to optional royaltiesWhile nonfungible token (NFT) marketplaces such as Ethereum-based X2Y2, LooksRare and Solana-based Magic Eden have made the switch over to “optional” creator royalties, a newly launched marketplace is taking a hard stand against it. Find Satoshi Lab, the company behind the popular move-to-earn app STEPN,
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