ROLLUP: Blur Rugs Opensea | All Eyes On Wallet UX | Pfizer Backs a DAO | California Cars On-Chain | #146
The Milk Road Show
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Is OpenSea Going Back on Royalties?
OpenSea has taken a very hard line on enforcing royalties. Traders want lowest fees, right? If there's no royalty and there's no fee, then as a trader, you increase your margin on a trade by up to 10%. But long term, are NFTs only going to be bought and sold by traders? No. We're not creating another stock market here of equities to be sold. So I guarantee you that in the next year, Reddit launches their own marketplace. And instead of having to hope that OpenT gives them royalties, people will just trade them in the Reddit marketplace where they'll just take 2.5% or whatever 2%. And it'll be a
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