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/

Creator royalties are a key value proposition of NFTs, but they've faced significant implementation challenges. 

In an @a16zcrypto article out today, @michaelblau, @darenmatsuoka, and I review the existing solutions and associated trade-offs, and propose some new ways to think about the problem 👇👀

crypto @a16z | programmer | magician | x0r

We back bold entrepreneurs building the next internet. 
a16zcrypto.com/

@a16zcrypto • Harvard/HBS • 🧩 • QED