royalties

NFTs Aren’t Dead, They’re Just Getting Started 🔥

In the latest episode of the Hashing It Out podcast, Jana Bertram, Head of Strategy at RARI Foundation, discusses the evolving role of NFTs. While acknowledging the decline in trading volumes and market hype, Bertram emphasizes the ongoing significance of NFTs for creators and innovative applications such as real-world asset tokenization. She addresses challenges like the #royalties debate, the need for scalability, and affordability in blockchain infrastructure.

Looking ahead, she envisions NFTs extending beyond collectibles into areas like identity verification and healthcare, despite lingering public skepticism.

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How Do On-Chain Royalties Revolutionize Web3 for Creators and NFTs? 💰

Blockchain-embedded #royalties are transforming Web3 for creators and NFTs. In 2023, NFT creators faced losses due to optional royalties, reaching a 2-year low on Ethereum-based NFTs.

Platforms like Enjin and RARI Foundation's testnet are addressing this with built-in royalty enforcement tools in their blockchains.

Jana Bertram of Rari Foundation emphasizes the importance of node-level royalties, offering a permanent guarantee for #creators , fostering a sustainable Web3 creator economy.

Nadaine Tongco-Edades suggests that on-chain royalties can spark a #NFT comeback, providing reliable revenue streams and enabling new business models, ensuring content creation sustainability.

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