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NFT rout crushes $1 5-billion windfall for artists as markets slash royalties | Sidhartha Shukla / Bloomberg News

Tension between traders and creators of digital collectibles is deepening amid a painful slump in the market for nonfungible tokens (NFTs). The friction stems from moves by top NFT exchanges Blur and OpenSea to slash royalty rates payable to artists when a token’s ownership changes, in the hope that lower…

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