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…
(Bloomberg) Tension between traders and creators of digital collectibles is deepening amid a painful slump in the market for nonfungible tokens.Most Read from BloombergChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveBerkshire Operating Earnings Jump on Insurance StrengthS&P 500 Wipes Out Almost 1% Gain; Bond Yields Drop: Markets WrapSouth Africa Spurns US Pressure to Stop Using China’s Huawei TechnologyUkraine Attacks Russian Oil Tanker, Says Black Sea Ports at RiskThe friction
NFT Rout Crushes $1 5 Billion Windfall for Artists as Markets Slash Royalties bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.