Creator Royalties
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Animoca co-founder Yat Siu: Giving up NFT royalties will “kill” Web3
On February 27th, Yat Siu, co-founder of Animoca Brands, said that creator royalties provided NFT projects with a continuous source of income that exceeded their initial sales (usually 5% to 10% when the tokens were resold). However, in order to seize market share, many companies are being led astray at the expense of creators. Interpretation of this information: In the world of Non-Fungible Tokens (NFTs), creator royalties represent an opportunity for project creators to earn a continuous stream of income. Although the initial sales typically yield a 5% to 10%…
