Summarizing The NFT Royalties Debate

The empowerment of individual creators has always been at the heart of the web3 ethos. By weaponizing blockchain technology to disintermediate middlemen, creators now have access to capital pools of previously unimaginable proportions.

Instead of having to arduously scrape together enough money to stay afloat, artists have been given a new monetization vehicle for their digital work through NFTs. Critically, the advent of this business model innovation has catapulted many creators into a financially more stable position, mainly through the introduction of royalty payments that are skimmed off from secondary sales.