Estimated read time: 1 minute 2 seconds.
GM fellow beliebers !
Zooms quickly past readers because I got no time
Today we talk about Royalties !
The Royalties Debate
There's been a lot of debate on royalties:
They also bring negative incentives—especially on the artist side
They can discourage secondary market sales and distort motivations
Change my mind!
22
so I wanted to share some data from an artist perspective.
The Data
As an artist with 3 big projects, I earned good royalties in 2022.
Guess what happened early 2023 ? (hint: it starts with opensea and ends with no royalties)
I have 3 major projects:
Entropy: Sep 2022
TPIAR: Jan 2023
Bit Rot: Nov 2023
Bit Rot earned nearly double the revenue but 10x fewer royalties.
What's next ?
Where does that lead us?
Royalties don't really exist anymore (for Editions)
They are considered "tax" by many collectors
my decision is clear.
I will keep 30 editions as Royalties replacement (to sell as needed)
and
Zima will be a 0% royalties project.
See you next week ✌
Nahiko
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