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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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nft artist royalties: NFT exchanges slash artist royalties to the tune of $1.5 billion as market slump deepens

Some artists contend that royalty rates should be encoded in the software that governs NFTs rather than being variables that exchanges can adjust. ....

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NFT Rout Crushes $1.5 Billion Windfall for Artists as Markets Slash Royalties

(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 ....

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Agony in NFT land - TechCentral

Tension between traders and creators of digital collectibles is deepening amid a painful slump in the market for NFTs. ....

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NFT Rout Crushes $1.5 Billion Windfall for Artists as Markets Slash Royalties

NFT Rout Crushes $1.5 Billion Windfall for Artists as Markets Slash Royalties
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