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Avalanche Revolutionizes Music Royalties with Blockchain Integration
Record Financial leverages Avalanche blockchain to streamline royalty payments, offering artists real-time transactions and transparency, transforming legacy music industry infrastructure.
Exploring NFT Royalties: New Mechanisms and Challenges
Learn about the innovative mechanisms and challenges of NFT royalties, including staking and right of reclaim, as proposed by a16z crypto.
NFT Royalties Fall Short in Web3 Ecosystem
Loss of creator royalties in the NFT space could be higher than estimated, with Bored Ape Yacht Club and Mutant Ape Yacht Club experiencing shortcomings of around $20 million. This points to previous estimates of $35 million likely being too small. Despite efforts to enforce creator royalties, Boris Pevzner, co-founder and CEO of LiveArt, says the current system is not working as it should, potentially causing artists to lose interest in the industry.
OpenSea Creates Tool for NFT Creators to Enforce Royalties On-Chain
NFT marketplace OpenSea has revealed its plan to create a tool to help creators on its platform enforce creator fee payments.