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But much has changed since the heyday of NFT trading last year—according to Reuters, sales are down nearly 99%, a 15-month low in an already-precarious sector, and creators are feeling the squeeze.Ja, äh, aber ... Blockchain!?!?!? Smart Contracts!!! Ich dachte das kann man gar nicht mehr ändern nachträglich?!?
Axios reported that four separate crypto marketplaces will stop honouring artist royalties, a worrying trend that impacts those who first introduced blockchain into the cultural consciousness. Magic Eden and LooksRare in particular have pivoted to royalty-optional models, allowing buyers to decide whether or not to pay creators the customary 3%-10% of the resale price for NFTs.
Even though NFT creator fees are contracts, blockchain code cannot actually enforce token transfer stipulations, rendering those contracts essentially voluntary by design. From an operational perspective, royalties were never guaranteed on the blockchain; instead, the documentation of each NFT only requests a royalty, a procedure that platforms have previously honoured in more favourable market conditions.Ach. Ach was. Das war alles ein Betrug?
Mann Mann Mann. Hätte uns doch nur rechtzeitig jemand gewarnt!