#Crypto winter is here—and #NFT #artist #royalties are under #hreat

source: https://www.theartnewspaper.com/2022/12/02/nft-artist-royalties-under-threat

Even though NFT creator fees are #contracts, #blockchain #code cannot actually enforce #token transfer stipulations, rendering those contracts essentially voluntary by design. From an operational perspective, royalties were never guaranteed on the blockchain; instead, the documentation of each NFT only requests a royalty, a procedure that platforms have previously honoured in more favourable #market conditions.

In the end, apart from the #scam, there is not much left to speak about in favor of Crypto.

#news #crime #cybercrime #money #finance #fail #technology #software #wtf #omg