Is XRPL Better for NFT Creators? Ripple Exec Shares Take
According to the Ripple executive, when it comes to the XRP Ledger (XRPL), automatic royalties for creators have been built-in into the on-chain design of the digital collectible feature. With this type of arrangement, the creator is not left at the mercy of the marketplace. advertisement OpenSea Dominance Drops This discussion ensued after top NFT marketplace OpenSea began to experience a drop in dominance in the digital collections ecosystem. The sudden drop in patronage on the multi-blockchain was tied to the recent policy of not collecting and paying royalties on NFT sales. Per a statement by American businessman and tech entrepreneur Mark Cuban, this is a huge blunder being committed by OpenSea . Cuban says that this move is enough to cause diminished trust in the marketplace and generally hurt the broader industry. Usually, NFT royalties are automated payments made to the creators of the digital collectible when an art piece is resold. ...