Are NFT royalties back?
Good Vibes Club has collected 143 ETH ($275,000 USD) in royalties since its mint two weeks ago.
They achieved this by enforcing 5% royalties on each sale, which Opensea allows, and by blocking the second most important ETH NFT marketplace Blur.
In the past, enforcing royalties often resulted in virtually no trading activity.
Yuga Labs tried it months ago for new collections (Kodas etc) by working with Magic Eden (and blocking all other marketplaces).
After a few weeks they shut it down again.
Today most major collections are set to 0% royalties on all marketplaces.
Are royalties a positive or a negative for the NFT space?
100% agreed here.
I would add: Be patient. It took me almost a year of daily content to reach 10k followers and get any traction.
I've seen many talented creators in the last 3 years who would have made it if they had just hung in there a little longer. But they quit after a few weeks or a few months.
Be patient
So you’re telling me the guy who:
- Rugged Metaluxe, then slow-rugged DeFiApes for 22K ETH
- Launched Network Token, raised $1M, and rugged it
- Pulled a presale for POX, collected $172K, then let it bleed to zero
- Pump and dumped the Jenner Token
- Did 10+ other scams
Just bought Kanye West’s account for $17M to launch a token… and you’re thinking of buying it?
At this point, you’re not getting scammed.
You’re volunteering.
Always grateful to the opportunities in this space.
The days are red but the vibes are still green.
TGON day 15! Thanks for the Lessons Johnny and the guests! Especially the Zagabond stream. I really love it man. His brain capacity is insane.
GM GM GM!
TGON day 14! the best part of it is the Zaga Question and Answer portion.
Fav take away is Turning attention into a unit of culture that we can actually trade on or own. like memecoins and stuff.
GM!
The TGON stream yesterday is one of the best in my honest opinion.
Jihoz said that Trump winning the election greatly affects the whole market. I agree with that. Every election the market moves either go super high or super low.
Imagine waking up super early for The gift of NFT's stream but hearing the consecutive bad news from Kermit getting scammed, Wale is late, Luca is not showing up.
This is me yesterday LOL
There is plenty of amazing founder in this space but also @SpikePersona is one of those people that I respect in this space.
Persona Journey is a hub of creative and hard working people. I can't wait to see them crossed 1 ETH where they belong.
In under 10 days, the prize pool has grown from $0 to $22,000, with nearly 100 NFTs contributed for The Gift of NFTs!
Thank you to everyone supporting the comeback of NFTs!
Prize pool wallet details are shared below for tracking.