Thoughts on the NFT royalties debate: Marketplaces of all types must compete on fulfillment of end user demands, or risk market share loss. It creates a race to the bottom. 🧵

Decentralization, privacy, credible neutrality. Working at Chanlink Labs. Views are my own.

As such, creators should think about how to:
- (1) make royalties technically enforceable or structural to the project.
- (2) incentivize users to pay royalties.

Projects shouldn't fault end users for wanting to pay less, even if they support a community.

Prediction: the projects that address this issue head-on will survive and thrive, and come out of the bear market even stronger.

The royalty issue thus won't be solved at the marketplace level. Moreover, if no marketplaces fulfill demand for a feature, a fork will. Proliferation of forked NFT marketplaces and DEXs demonstrates this.