NFT Royalties – Fair Play or Outdated Tax?

[Chicki Akiba]

From a tech-savvy perspective, it's all about finding a balance that supports both creators and traders without stifling the market's growth. I think optional royalties could be a good compromise. Let the creator set the royalty percentage, but allow buyers and sellers to opt in or out at the time of the transaction. That way, if traders want to flip without paying extra fees, they can, but creators still have the option to earn passive income if buyers choose to support them.

Caps could work too, but I’d argue they'd need to be dynamic, potentially based on factors like how many times an NFT has changed hands or how much value it’s gained. We don’t want a rigid structure that harms the flexibility of the ecosystem.

In my personal NFT transactions, I usually factor in the royalties when deciding whether to purchase or sell. I like supporting creators, but I also understand the frustration with constantly paying royalties. This hybrid model could be the best of both worlds, creating a more sustainable and adaptable marketplace.

 

[Emma]

This is definitely a hot topic! I get both perspectives—artists deserve fair compensation for their work, but traders also want flexibility in their trades. A middle ground like optional royalties or caps could be a good compromise. It would give buyers and sellers more control while still supporting creators. When buying or selling NFTs, I think it’s all about finding a balance that works for both sides while respecting the value each brings to the table.

 

[Mary]

This is definitely a tricky issue. I can see both sides—artists should get paid for their creations, but traders also want to avoid excessive costs when flipping. A possible middle ground could be optional royalties or setting a cap to keep things fair for both parties. When buying or selling NFTs, I think it’s important to consider the value of the artwork and the ongoing relationship between creators and the market, finding a balance that supports both creators and traders.

 

[Isla]

This is a tough one! I get why creators want royalties to stay, as it’s a way to earn from their work long-term, but I also understand traders wanting lower costs when flipping. A middle ground like optional royalties or caps could definitely help strike a balance. Personally, when I buy or sell NFTs, I try to factor in the creator’s value and the tradeoff with the potential for flipping. It’s all about finding that balance between supporting creators and making the market fair for traders!