Are NFT Royalties the Way? How to Build a Sustainable Creator Economy - Ep. 414

Published: Nov. 1, 2022, 7:30 a.m.

b"Sterling Crispin, artist and software developer and Holly Herndon, host of the Interdependence podcast, talk about the problems that creators face, some potential solutions, and the debate over creator royalties.\\xa0\\n\\nShow highlights:\\n\\nhow Holly and Sterling got into crypto\\n\\nhow Holly used the Holly Plus Project to pay royalties\\n\\nhow NFTs change the economic experience of being a creator\\n\\nhow creators make money and why it is so difficult for most of them\\n\\nwhether NFT royalties are necessary for artists\\n\\nwhy creators are the ones that should decide to charge royalties or not\\n\\nhow the enforcement of royalties also occurs in the traditional art world\\n\\nwhether NFT royalties only benefit big players vs. smaller creators\\n\\nwhat shifts could make paying royalties a norm, the way paying for music streaming became a norm over piracy\\n\\nother solutions to helping creators earn from their work besides NFT royalties\\n\\nwhether NFT creators should use blocklists\\n\\nwhether people objecting to blocklists can be hypocritical about decentralization\\xa0\\n\\nwhether creators can build their own marketplaces\\n\\nhow a profit-sharing model among creators could work\\n\\n\\nThank you to our sponsors!\\nCrypto.com\\nChainalysis\\nMinima\\n\\nSterling:\\n\\nTwitter\\n\\nWebsite\\n\\nBlog post: NFTs and Crypto Art: The Sky Is not Falling\\n\\n\\n\\nHolly:\\n\\nTwitter\\n\\nPodcast\\n\\nHolly's AI Video\\n\\n\\n\\nEpisode Links\\n\\nPrevious episodes of The Chopping Block debating NFT Royalties:\\n\\nThe Chopping Block: Two on Two Debate: NFT Royalty Throwdown!\\n\\nThe Chopping Block: Was This Gary Gensler\\u2019s Most Liked Tweet?\\n\\nThe Chopping Block: Did OFAC Overstep by Sanctioning Tornado Cash?\\n\\n\\nNFT Royalties\\n\\nMagic Eden\\n\\nMagic Eden Moves to Optional Royalties and Heats Up the Debate\\n\\nMetaShield\\n\\nSolana Could Get Enforceable NFT Royalties Via New Metaplex Standard\\n\\nWhy NFT royalties are almost impossible to enforce on-chain\\n\\nGalaxy Digital report showing that Nike and Yuga Labs earned the most in NFT royalties.\\n\\nRoyalties in NFTs: Yes, no, and why?\\n\\nRoyalties Chaos Shows Ethereum NFT Market 'More Serious' Than Solana: Fidenza Artist Tyler Hobbs\\n\\n\\nArtists\\u2019 Royalties by BlackBox.art\\n\\n\\n\\nOn Royalties by foobar\\n\\nKyle Samani thread on verticalization\\n\\n\\n\\nPotential solutions\\n\\nCollector Royalties\\n\\nCollector Royalties Eligibility Expansion \\u2014 Aug \\u201821\\n\\nHow do they work\\n\\nProfit Sharing\\n\\nCardinal Labs\\n\\nMetaplex Standard\\n\\nExchange Royalties Guarantee\\n\\n\\nNFTs for n00bs: A brief history of tokens and tulips, NFT aesthetics, energy dramas, fan\\xa0\\n\\nbrigades, social tokens and the metaverse with Daniel Keller\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"