Shame on @opensea and especially @the_x2y2 who started 0% royalties and sunset itself. @blur_io next
history lesson: >NFT marketplaces evade royalties but preserve fees for themselves >Quality creators disappear, ecosystem crumbles >New meta moves to fungibles >Billion tokens get launched, fun for a while, but average holding time for successful traders moves to literally a few seconds, super PvP, retail disinterest >Fungible token ecosystem crumbles >NFT marketplaces continuing to misapprehend the source of their success add fungible token trading and celebrate with đź’Şđź’Şđź’Ş emojis but there's literally no reason to buy fungible tokens there and their volume proves it >The premiere fungible token launcher/app continues to try to iterate to bring NFT-style royalties to fungible tokens
Show original
2.4K
1
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.