Tezos

Broken Sea

Creator

tz1dcfLKv737xB91S6FqWBCb5PkiNrqJizpz

Description

This ship is sinking, by their own admission, and possibly also by their own doing. On 9 Nov 2022 OpenSea made an announcement they were ceasing payment of royalties to creators. During the period of 24 hours as outrage increased they modified their position on this stance a number of times due to backlash. What was more interesting however was how they talked around their reasons for doing this, citing the rise of ‘optional fee’ marketplaces making payment of royalty fees to creators untenable. Nothing about their reasoning made any logical sense. Really the entire situation was spurred by fear of their bottom line. As the biggest NFT marketplace globally, how many more billions does Devin Finzer need? I’m just saying.

Traits

Tag

zam

Tag

opensea

Tag

royalties

Tag

royalty

Tag

shit

Tag

artists

Tag

trash

Tag

platform

Tag

digitalart

Token

Contract: KT1Vas...YYva
Token ID: 15

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