Why NFT Artists Shouldn’t Expect ‘Royalties’

Why NFT Artists Shouldn’t Expect ‘Royalties’

Artists have boycotted some exchanges that moved away from royalties. For instance, X2YX has seen trading volume drop from 11,540 ETH on Aug. 26, the day it ditched royalties, to 547 ETH, Decrypt reported. “A month ago, around 75% of NFT buyers opted-in to paying royalties on [X2Y2], when given the choice,” Punk 9059 tweeted. “Now that number is around 18%.”

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Originally Posted on: https://www.coindesk.com/layer2/2022/11/07/why-nft-artists-shouldnt-expect-royalties/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Daniel Kuhn

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