Author: Maverick Editor: Colin Wu Since September, the hot discussion on NFT royalties and related reform measures has even covered up the market with declining volumes. Sudoswap pioneered NFT+AMM, which allows project parties to generate fee income through LP market-making in lieu of royalties, thereby benefiting the buy-side. With the advantages of aggregators diminishing, X2Y2 boldly pushed for royalty reform in an attempt to cede the right to pay royalties to the buyer, turning them into tips, or even not paying them. But the backlash and resistance from crypto CTs and artists caused an uproar, and eventually the decision to pay royalties was returned to the NFT community to vote on their own. Magic Eden is the opposite of X2Y2’s choice. MetaShield was launched with creator protection in mind, giving creators the ability to review NFT listings and sales that bypassed royalties, as well as the ability to warn potential buyers by labeling the NFTs of users who bypassed royalties as “debt”. In essence, the NFT marketplace’s royalty determination and strategy is nothing more than one of its marketing tools to cope with the challenges of a bear market.
NFT Royalty Controversy: Should I Pay? To whom?
NFT Royalty Controversy: Should I Pay? To…
NFT Royalty Controversy: Should I Pay? To whom?
Author: Maverick Editor: Colin Wu Since September, the hot discussion on NFT royalties and related reform measures has even covered up the market with declining volumes. Sudoswap pioneered NFT+AMM, which allows project parties to generate fee income through LP market-making in lieu of royalties, thereby benefiting the buy-side. With the advantages of aggregators diminishing, X2Y2 boldly pushed for royalty reform in an attempt to cede the right to pay royalties to the buyer, turning them into tips, or even not paying them. But the backlash and resistance from crypto CTs and artists caused an uproar, and eventually the decision to pay royalties was returned to the NFT community to vote on their own. Magic Eden is the opposite of X2Y2’s choice. MetaShield was launched with creator protection in mind, giving creators the ability to review NFT listings and sales that bypassed royalties, as well as the ability to warn potential buyers by labeling the NFTs of users who bypassed royalties as “debt”. In essence, the NFT marketplace’s royalty determination and strategy is nothing more than one of its marketing tools to cope with the challenges of a bear market.