As the entire NFT market for pfp collections saw a blood bath, the news media started to investigate the possible reasons for the crash.
Many experts and commentators pointed to the same culprit: Blur.
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All articles filed in Creator royalties
In response to Blur question, Greg Solano, Yuga Labs/BAYC co-founder, criticizes marketplaces in “a race to the bottom … with less and less of them honoring creator royalties”
“WE FIND IT PROBLEMATIC THAT THERE’S A RACE TO THE BOTTOM between different marketplaces … with less and less of them honoring creator royalties.” – Greg Solano
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CHART on Creator Royalties on NFT platforms: which respect full creator royalties and which don’t (Part I)
[T]he current U.S. copyright system leaves many visual artists at a practical disadvantage in relation to other kinds of authors…. Because most artworks are not produced in copies, the visual artist receives a financial interest in only one work – or at best a few copies of that work. Other creators face no comparable limitation,…
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Race to the bottom: Will NFT creator royalties become a blur?
What are Zero Royalties policies? The Loophole to Creator Royalties Why the Loophole matters
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Following OpenSea’s defense of creator royalties, X2Y2 and Blur abandon controversial “Zero Royalties” policies in favor of creator royalties
This is a great development for Web3 during one of the darkest moments in the crypto world. Credit goes to all the artists, creators, and allies who organized a campaign to convince OpenSea not to rollback its respect for creator royalties. Incredible to see a decentralized campaign in action!
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“Zero Royalties” policies on NFT marketplaces pose existential threat to Web3 and creators
Point 1: “Zero royalties” policies have produced a destructive race to the bottom with more money being diverted away from creators to avoid paying them royalties. The following graph shows that the market share of OpenSea (which respects creator royalties) has decreased from above 80 percent to around 50 percent this year. The dramatic shift…
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OpenSea recommits to creator royalties after artists unite to protest “zero royalties” policies
Artists Unite to Protest Efforts to Eliminate Creator Royalties Below I collect some of the impassioned pleas from artists! Let’s go, creators! All Seeing Seneca, one of artists who created Bored Apes Betty, co-creator of Deadfellaz Snoop Dogg and FEWOCiOUS iwwon, creator of CryptoMories Bobby Hundreds
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