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 💪🎨