NFTs And Royalties In A Down Market
Bloomberg Crypto9 Marras 2022

NFTs And Royalties In A Down Market

Evangelists of web3 - a term popularized by venture capitalist Chris Dixon - will often say that a big goal of the whole thing is giving more power to creators, and especially monetary power.

Web3, these proponents say, allows artists, musicians, and creators of all stripes to cut out middlemen and intermediaries and to retain more of the financial benefits of their work. In other words, why pay a platform or an agent when you can keep all your royalties yourself?

That’s where things get complicated. If you’re a musician or an artist and you sell your work as an NFT, you’ll definitely get paid the first time you sell that song or piece of art. But what happens if the person who bought it sells it to someone else? In the idealized world of web3, you’d get a royalty on that sale - automatically. In reality, most of these transactions aren’t setup that way.

For more on the current state of NFTs, and how platforms are thinking about royalties, Bloomberg crypto reporter Olga Kharif and Lauren van Haaften Schick join this episode. Lauren is an Andrew W. Mellon Postdoctoral Fellow at Wesleyan University’s Center for the Humanities.

See omnystudio.com/listener for privacy information.

Jaksot(223)

From the Editors’ Desk

From the Editors’ Desk

Every day, around the world, the reporters and editors who work on crypto at Bloomberg wake up (often at the crack of dawn) and start figuring out how we’ll tackle the biggest and most important news ...

15 Heinä 202219min

Who Owns All the Bitcoin?

Who Owns All the Bitcoin?

Since the founding document that led to the invention of Bitcoin first appeared in 2008, Bitcoin’s true believers have adopted a philosophy that resembles “one for all and all for one." Bitcoin is oft...

14 Heinä 202220min

The Hunt For Zombie Coins

The Hunt For Zombie Coins

If you want an example of the intense optimism of certain crypto investors, here’s one: Some investors are still buying the token known as Luna Classic, which has flatlined towards zero in the afterma...

13 Heinä 202217min

Is There Value In Crypto’s Volatility?

Is There Value In Crypto’s Volatility?

Depending on who you ask, crypto’s volatility is either a bug or a feature. Wild, unexpected or aggressive price swings make this an asset class that is ill suited to anyone who’s less experienced at ...

12 Heinä 202215min

Jumping Into Crypto

Jumping Into Crypto

Jump Crypto burst onto the scene less than a year ago, with the appointment of a former intern named Kanav Kariya as its founding president. Within just a few months, Jump Crypto has found itself spen...

11 Heinä 202217min

Regulation Through Taxation in India

Regulation Through Taxation in India

It feels like every country in the world is figuring out how they want to regulate crypto - or if they’ll even allow it to exist at all.  India is seen as one of the fastest-growing markets for crypto...

8 Heinä 202218min

Are Your Baseball Cards on the Blockchain?

Are Your Baseball Cards on the Blockchain?

Sorare is one of several companies attempting to take the idea of collectibles like baseball cards and bring them into the digital context. In May, Sorare announced a partnership with Major League Bas...

7 Heinä 202219min

Gender Fluidity In The Metaverse

Gender Fluidity In The Metaverse

Experimenting with who you are online, especially if those identities are really different from who you present to the analogue world, is not a new concept. Neal Stephenson famously coined the phrase ...

6 Heinä 202219min

Suosittua kategoriassa Politiikka ja uutiset

aikalisa
ootsa-kuullut-tasta-2
politiikan-puskaradio
rss-ootsa-kuullut-tasta
tervo-halme
rss-vaalirankkurit-podcast
viisupodi
rss-podme-livebox
otetaan-yhdet
rss-asiastudio
the-ulkopolitist
et-sa-noin-voi-sanoo-esittaa
rss-kaikki-uusiksi
rss-tasta-on-kyse-ivan-puopolo-verkkouutiset
rss-kalevi-sorsa-saation-podcast
rss-polikulaari-pitka-kiekko-ja-muut-ts-podcastit
rss-hyvaa-huomenta-bryssel
rss-merja-mahkan-rahat
rss-kuka-mina-olen
rss-tekkipodi