Robbie Ferguson, the co-founder of Immutable X, said on Twitter that NFT royalties on Immutable X are guaranteed, and marketplaces and creators can have protected ongoing monetization on any marketplace assets trade.
He added that NFT royalties are enforced on any marketplace at a protocol-wide level, which means marketplaces aren’t forced to compete by offering optional royalties but can have guaranteed economics.
And it seems the co-founder is mocking some platform that has cut royalties recently.
Previously, Magic Eden announced that it started using optional royalties.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
George Town, Grand Cayman, 22nd November 2024, Chainwire
Inflation Warning by Vanguard highlights risks during Trump’s term, citing tariffs and tighter labor markets…
Clanker token trading volume hit $59.8M on Nov 21, accounting for 14.75% of PumpFun. Fee…
Bitcoin Spot ETF inflows hit $1.005B on Nov 21, led by BlackRock’s $608M and Fidelity’s…
Discover the success story of a New York tech entrepreneur who made $72M from a…
Discover the best cryptos to buy and hold today: Qubetics leads with 1000x potential, Ethereum…
This website uses cookies.