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by AlexandrB
1319 days ago
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The way NFT royalties were marketed was always highly misleading IMHO. A lot of the news articles made it sound like royalties were a property of NFTs themselves via some kind of smart contract. But it is in fact a feature of some NFT exchanges and you always had the option of trading the NFT via other means if you wanted to avoid the royalty payment. So royalties were always optional. The marketing just made it sound like they were not[1]. Given this, it must be asked how NFTs are in any way different from the traditional art markets for the artists themselves. [1] https://techcrunch.com/2022/11/02/whats-going-on-with-nft-ro... |
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