NFTS WTF

July 15, 2021

Binance NFT Lowballs at 1% as Secondary Royalties for Crypto Artists Progress at 10%

Ultimately Kane realized that he must become the leader he sought and drew together a small network. The group discussed appropriate demands, studied historical information gathered by Bard Ionson, and followed through with a letter to crypto art platforms. Some artists also boycotted platforms or removed their work from platforms without secondary royalties. By the end of March 2020, all the major platforms of the time had agreed in principle to an “industry-wide standard of minimum 10% secondary sale royalties for artist minted NFTs.”