Will curbing NFT royalties cause creators to leave? 🤔 thinks so, and she says, “Undermining creator royalties is…like biting the hand that feeds you.” 💯
What do you think?
Watch the full episode: youtube.com/watch?v=3oxBeA
Conversation
I love a good debate, but listening to and argue on this is a little cringe for me. Kinda like hearing your parents argueing from the other room, you know they care for each other but this might not turn out well.
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Awwww, well, if you ever need a good grounding, call one of us up 😂
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it’s even worse than that: artists will now only make a living from primary sales which means a decidedly shorter-term focus to build out new pieces, new projects, with no monetary ROI to reward a long-term focus. this will also kill secondary sales because if the artist has
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moved on to new projects to collect new primary sales, they won’t keep older projects in focus which will cause a drop in secondary volume/floor. basically it’s short-term pro-trader/flipper, and short AND long-term anti-artist. worst of all possible scenarios.
Yes absolutely. No one works for free and artists should be paid as per industry standard for their work.
Exactly. Artists can sue and win their owed royalties… but why enter this space if it means you’ll have to keep going to court. Better off ignoring web3/nfts and focussing instead on licensing deals and/or selling trad art in the EU which guarantees royalties.
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Chia NFT's allow artists to define royalties on the coin, so they cannot be circumvented.
I tend to agree since a majority of the creators jumped in this space exactly for this reason