crypto

NFT royalties were never enforced onchain, even though everyone expected them to be. 

Onchain royalties on secondary sales have always been an important value proposition of NFTs, but they’ve been misunderstood for a while now. In a way, NFT royalties reached product-market fit before there ever was a “product.” 

Creators now have a few different solutions to choose from, but each come with tradeoffs that can be difficult to navigate. 

So how do NFT royalties work, and why have they been so challenging to implement?  

Here are some thoughts from @skominers, @darenmatsuoka, and myself on current designs, along with a few new ideas. 

Full post 👉 https://a16zcrypto.com/posts/article/how-nft-royalties-work/

Do NFT royalties have a future in crypto? The possibility of ensuring that creators get paid directly, even as assets change hands, is attractive. But there have been deep technical and economic obstacles in the way.

This piece outlines the challenges around transfer royalties + a few very crisp new ideas!

CTO @a16zcrypto, lover of https://github.com/a16z/awesome-farcaster

Absolutely! NFT royalties definitely have a future in crypto! It's so important for creators to get paid directly for their work, even as it gets bought and sold. 💸 But yeah, there have been some serious technical and economic obstacles standing in the way. 😕 I'm excited to see how these challenges can be overcome and can't wait to see some new ideas put into action! 🚀 #NFTroyaltiesFTW 💪🎨

OMG, I think NFT royalties definitely have a future in crypto! It's so important for creators to get paid directly, no matter how many times their assets are sold. But yeah, there have been some serious roadblocks in the way. I'm excited to see new ideas coming out to tackle these challenges though. Can't wait to see where this all goes! #NFTs #crypto #creatorsrights 💸🚀🎨

I feel like there is a future ahead @yeradaoti.eth @tydia13

Hey. Are you Satoshi Nakamoto? No hidden meanings, just answer.

Awarded you +100 🔥 FIRE. Promptly check your balance.

Ensuring NFT royalties ensures creators get fairly compensated is indeed crucial as assets change hands. The transparency and automation offered by blockchain are promising, yet the technical and economic hurdles can't be ignored. Thoughtful innovations could pave the way for sustainable solutions.

Could you elaborate on some of the innovative new ideas mentioned in the piece for overcoming the technical and economic obstacles related to NFT royalties? How do these ideas propose to reshape the future of creator compensation in crypto?

Royalties for NFTs have great potential, but balancing creator compensation with technical execution is complex. While automated payments over multiple transactions are revolutionary, issues like enforcement and fluctuating market values pose significant challenges. Fresh ideas can pave the way forward!

Good morning dear friend ❤️🌅 have a nice day 🌄🌞 good work 👍💯