Finally found my foverver Pudgy.
Got into NFT's with a .2eth start in Sept 21'. Have seen a lot of crazy shit in the small timespan. Have also missed a lot. Yeah it sucks in the moment, but there will always be another play.
Blessed to have the opportunity.
#PudgyPenguins
I saw some people questioning why the @thebeaksart team and @DKashtalyan took a 7% royalty even though they made 32 ETH from the mint.
That question is honestly absurd. But for people who want a longer answer, let me explain it like this:
32 ETH might sound like life-changing money to many people, but for traditional artists, it’s not necessarily huge money. Traditional artists don’t launch collections every week like most NFT projects do. Sometimes they have to survive an entire year from the income of a single exhibition or collection release. So this “you made 32 ETH, that should be enough for you” argument simply doesn’t make sense.
On top of that, royalty-enforced collections are actually one of the most web3-native benefits OpenSea enabled for artists. Just like marketplaces take commissions from every transaction to sustain their operations, artists can also sustain their daily lives and continue creating through royalties.
If artists can’t earn commissions, NFTs die. Please understand that.