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)

Welcome to Bitcoin Beach

Welcome to Bitcoin Beach

El Salvador’s millennial president Nayib Bukele is no tourist when it comes to Bitcoin. Last year, under his leadership, El Salvador became the first country in the world to approve Bitcoin as a form ...

22 Kesä 202218min

Can Crypto Trading Be Addictive?

Can Crypto Trading Be Addictive?

On this episode of Bloomberg Crypto, Bloomberg reporters Claire Ballentine and Charlie Wells join stacy-marie to talk about crypto addiction. There are rehab centers for people seeking treatment for a...

21 Kesä 202220min

A Bipartisan Duo Craft a Crypto Bill

A Bipartisan Duo Craft a Crypto Bill

There is a real drive on Capitol Hill to figure out how to define and regulate cryptocurrency and protect consumers. One such effort comes from Democratic Senator Kirsten Gillibrand (NY) and Republica...

17 Kesä 202218min

Celsius Casts a Chill

Celsius Casts a Chill

It’s been a wild week for crypto markets. Bloomberg reporters Muyao Shen and Matt Turner join the podcast to discuss what’s happening in the world of digital tokens and crypto-related stocks - and why...

16 Kesä 202216min

What’s The Afterlife of a Bitcoin?

What’s The Afterlife of a Bitcoin?

What happens to your crypto after you die? Beyond the existential question of the permanence of the blockchain, the answers here aren’t straightforward. For estate planners, what to do with digital as...

15 Kesä 202212min

Bitcoin Miners Flock To Texas

Bitcoin Miners Flock To Texas

Have you ever heard the saying, “Everything’s Bigger in Texas”? That same ethos applies to mining Bitcoin in the Lonestar state. The state of Texas is flush with bitcoin prospectors. The City of Fort ...

14 Kesä 202219min

Hacking Crypto Through Social Media

Hacking Crypto Through Social Media

Have you heard the one about the crypto investor who got hacked and lost all their Bitcoin? It’s true - cryptocurrency spam, hacks, and fraud are all on the rise. That means there’s an urgent need to ...

13 Kesä 202214min

Cautious Optimism for UK Crypto Investors

Cautious Optimism for UK Crypto Investors

In January 2020, the United Kingdom officially withdrew from the European Union. The fallout from Brexit, as we all came to know it, is still being measured across all industries. Some analysts predic...

10 Kesä 202218min

Suosittua kategoriassa Politiikka ja uutiset

aikalisa
ootsa-kuullut-tasta-2
rss-ootsa-kuullut-tasta
tervo-halme
politiikan-puskaradio
viisupodi
et-sa-noin-voi-sanoo-esittaa
rss-podme-livebox
radio-antro
rss-asiastudio
otetaan-yhdet
rss-vaalirankkurit-podcast
linda-maria
rss-kaikki-uusiksi
rss-tasta-on-kyse-ivan-puopolo-verkkouutiset
io-techin-tekniikkapodcast
the-ulkopolitist
rss-kiina-ilmiot
rss-mina-ukkola
rss-hyvaa-huomenta-bryssel