How recursive royalties will save NFTs - by Grum

A fully decentralised, fair and robust solution to NFT royalty payments

UPDATE: Many thanks to Tyler Cowen for highlighting this article at Marginal Revolution. Follow me on twitter @XTZtcg. A lauded feature of NFTs is their ability to allow payments to be made to the original creator of the token upon each sale, giving an artist exposure to the value of their work on the secondary market. But NFT royalties are doomed. Contrary to expectations and popular belief, royalties are not enforced by an uncompromising golem on the blockchain. Royalties are voluntarily enforced by marketplaces. The launch of Yawww’s zero royalty marketplace in early 2021 triggered a…

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