majority of artists came to NFTs for royalties
it was the first time in history they had a direct, ongoing cut of their work’s value.. not just a one time paycheck, but perpetual ownership of their vision’s growth
but all that’s left now is a feeding ground for bottom feeders: derivative garbage and endless flip cycles, each more hollow than the last
you slit the throat of the ecosystem when you slashed royalties
the moment marketplaces caved to the volume, the parasites, the flippers, the buyers with no soul, the paper-handed vultures
that was the death knell
and you wonder why a lot of the creators left?
because we drained them dry of the reason they came here in the first place
I’ve spoken to artists who won’t even look at Web3 anymore
because why should they?
“On-chain forever” means nothing if it’s just an endless dance with greedy rats trying to flip their work for a quick buck
art isn’t a slot machine, but that’s what Web3 turned it into
and to those who whine that real-life items they buy don’t have royalties..
what the hell are you buying in real life just to scalp and dump in ten minutes with zero overhead?
Pokémon cards?
you’re not an investor, you’re a locust
you don’t build culture, you devour it
if we want NFTs to rise again, we need to restore the lifeblood: royalties
could you imagine earning Bitcoin royalties for your works.. generational wealth, secured on the hardest money known to man?
that’s the future that should have been built here on Ordinals
instead, we let it bleed out