NFT marketplace the_x2y2 radically adjusts fees policy, here's why this is important for Web3 NFT
Here's why the X2Y2 team's solution to set 0% royalties might be of crucial importance for the progress of"serious" non-fungible tokens .Yesterday, Aug. 27, 2022, many Web3 and NFT enthusiasts tweeted about the controversial decision of the X2Y2 team to amend creator royalties.Slow-rug projects are altcoins w/ pictures and don't deserve royalties
However, some speakers are sure that removing royalties will make artists seek VC funding instead of retail-focused income models. This, in turn, will make tokenized art"real, profitable business."Also, an anonymous Azuki developer Cygaar proposed a tool designed to allow NFT creators to whitelist marketplaces where the buyers of their tokens can offer them.With this tool, teams can prevent their NFTs from being listed on zero-royalty platforms.
While debate is raging pls note this is far from finished product & updates are already in the works:2. Implement 'holders only' voting system allowing holders to decide, as a group, whether to enable/disable optional royaltiesThey added that removing royalties is not the way to the perfect economic model for an NFT marketplace:
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
See All You Need to Know About NFTs — Right on CoinMarketCap | CoinMarketCapNeed a place to follow up with the hottest NFT collections? 🎲 Information regarding the total market cap, the total sales volumes & the sales volume over 24 hours, will be displayed within CMC $NFT section 🔥
Les mer »
Five Takeaways on the Global Art-Market Outlook | Artnet NewsGermany-based start-up Arttrade dug into the Artnet Price Database to bring you five insights about how the auction market has evolved:
Les mer »