May 1, 2025
Blockchain

NFT Market Can Completely Disappear Into History: Its Key Feature Is Delete!

  • August 18, 2023
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The trend of crypto asset markets in recent years, NFTgoods. Blockchain-based NFTs, also known as immutable tokens, in the simplest terms, allowed all digital content to be licensed

The trend of crypto asset markets in recent years, NFTgoods. Blockchain-based NFTs, also known as immutable tokens, in the simplest terms, allowed all digital content to be licensed and owned by only one person. One of the notable features of the technology, which made a big impression at the time and into which people poured huge sums of money, is that the owners of the works was the protection of their rights.

When you sell a licensed work in the NFT world, you get paid for it. If someone who buys your work transfers it to someone else, you as the owner of the work can also benefit from this sale. you got a share. However, the latest news shows that this situation is about to change. According to the statement from OpenSea, one of the largest NFT marketplaces in the world, calendars March 2024As it turns out, NFT makers’ revenues will plummet.

There will be some kind of tipping system!

A few examples of NFTs from the popular NFT collection The Bored Ape.

According to OpenSea’s statement, the NFT generator will be resold from March 2024. mandatory pay period it will end. When a user who buys NFT wants to sell this work, he only gives money to the original owner if he wants to. The seller can give a certain percentage of the sale proceeds to the owner of the work or choose not to pay a penny. So it’s kind of like”tip” is switched to the system.

NFT makers did not like OpenSea’s decision. “Wildcake,” the leader of the team that created an NFT collection called “Posers” and is now working on a blockchain-based game, told The Verge that OpenSea’s to increase your own profit He said he did such a thing but that with this decision he would bring the end of the NFT industry. According to Wildcake, NFT makers are almost “into the new era”freethey will work because NFT income is only obtained from the first sale. OpenSea, which opposes this view, stated that NFT makers are looking for new ways to maintain their income. The NFT industry, which has already collapsed in terms of market volume, could well go backwards with this decision.

Source: Web Tekno

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