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“The growth of zero-royalty marketplaces has eroded the general willingness to pay royalties throughout the NFT space,” the company explained, adding that its new royalty structure is meant to be “a competitive solution that still benefits creators.” Source
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“Because they’re driven by market volume and velocity of the NFT space in general, not many people are making tons of money from royalties,” Qadir said. Royalties, which are considered to be “social norms enforced by marketplaces,” Qadir said, are used as a way for creators to earn money on
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According to data from Dune Analytics cited in the report, Nike, which acquired digital collectibles startup RTFKT, made $91.6 million in consolidated NFT royalties in comparison. Other real-world brands including Gucci, Adidas, Nickelodeon, McLaren that have successfully integrated NFTs into their business models have made some money off NFT royalties,
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Solana-based Magic Eden has become the latest NFT marketplace to shift to an optional royalties model, following in the footsteps of X2Y2 in August, albeit reluctantly. Under the optional royalties model, buyers are given the power to set the royalties they want to contribute to an NFT project, meaning there is
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Royal will sell the collection of 2,110 Diplo LDA tokens on March 29. The token’s three tiers correspond to different percentages of ownership, with the cheapest, $99 token giving its owner 0.004% of the song’s streaming royalties and the most expensive, $9,999 tier giving 0.7%. Source
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As the ETHDenver developer conference gets underway, the incubator ConsenSys Mesh told Cointelegraph that it's planning a Friday announcement regarding a new addition to its portfolio. The team will debut details about TreeTrunk, a nonfungible token, or NFT, platform that aims to eliminate the risk of centralized platforms failing to
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Can a new non-fungible token (NFT) platform finally solve the problem of ecosystem-wide royalties?NFT platform Recur announced on Thursday a $5 million seed round led by the DeFi Alliance, Delphi Digital, Ethereum co-founder Joe Lubin, and Gemini, among others. The raise claims a number of notable superlatives, including the first
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The blockchain will allow Microsoft to utilize Azure-based artificial intelligence (AI) for swift contract creation.American multinational technology company Microsoft Corporation (NASDAQ: MSFT) and British firm Ernst & Young LLP (EY) have announced the expansion of the Xbox blockchain platform to allow rights and royalties management. In the joint announcement, the companies said that
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Court documents allege that Pennsylvania resident Anthony Faulk hijacked a crypto company executive's phone, stealing crypto and using the proceeds for an expensive watch, music royalties, jewelry and a house. Source
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