The future for NFTs may be uncertain but definitely exciting. 🔥 Expect a consensus on royalties and marketplace leaders to emerge!
followed with optional fees. Effective royalty fees for major NFT collections have fallen off a cliff:nothing stops marketplaces from deactivating royalties
— a race to the bottom ensues. Traders that buy and sell NFTs for price speculation would prefer not to pay royalties if they don't have to, whereas NFT art collectors would be more likely to pay to support the artists.. OpenSea does so with a tool that allows creators to blacklist marketplaces that don’t enforce royalties. The tool works as a simple code snippet, which adds the functionality to new smart contracts and existing upgradeable ones.
by The Block. However, this is still considerably below the pre-optional-fees era, indicating that it might be more of a quick fix than a structural shift., enforcing royalties via a market-leading exchange setting a policy means sacrificing decentralization. This implies the NFT isn't really yours if you cannot sell it wherever you choose to.like protocol-owned liquidity and connecting NFTs to physical goods to shield themselves from the risks of getting shut out of royalties.
since their projected revenue drops. Even though a creator cannot exactly project their revenue from a new launch, simple logic dictates that artists rely solely on a strong launch without revenue from secondary sales.that treat them unfairly, adding to the fragmentation of the market. Users would have to dig even deeper to find selected NFT collections that are not trading on all marketplaces.at the expense of traders.has become the biggest marketplace because itof NFTs.
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