WebsCrypto
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Opinions
  • Press Releases
Facebook X (Twitter) LinkedIn Telegram
WebsCryptoWebsCrypto
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Opinions
  • Press Releases
Bitcoin (BTC) $26,198.02 0.34%Ethereum (ETH) $1,590.47 0.18%BNB (BNB) $211.76 0.88%XRP (XRP) $0.50157 0.66%Cardano (ADA) $0.244995 0.04%Solana (SOL) $19.01 1.98%Dogecoin (DOGE) $0.060485 0.66%Polkadot (DOT) $4.01 1.25%Shiba Inu (SHIB) $0.000007 0.45%Dai (DAI) $0.999952 0.03%TRON (TRX) $0.084457 0.09%Polygon (MATIC) $0.510715 1.43%Avalanche (AVAX) $9.01 0.85%Uniswap (UNI) $4.24 0.56%Litecoin (LTC) $63.65 1.00%
Crypto Prices
WebsCrypto
News

X2Y2: 0% royalty is definitely not the way forward, the royalty policy is still being worked out and the final decision will depend on the token holder

By WebsCryptoAugust 28, 20221 Min Read
X2Y2: 0% royalty is definitely not the way forward, the royalty policy is still being worked out and the final decision will depend on the token holder
Share
Facebook Twitter Telegram LinkedIn Reddit Email

As many Web3 and NFT enthusiasts expressed their dissatisfaction with the X2Y2 team’s revised creator royalty policy on social media.

The X2Y2 team has released an updated statement confirming that its royalty policy is still being worked out, and the final decision will depend on the token holder.

Advertisements

Adding that removing royalties is not a perfect economic model for the NFT market: “0% royalties are definitely not the way forward! We agree! We will work with market participants from all sides to ensure this policy does not become the norm, as a Collectively, we need to set the right standards and pave the way for the future of the NFT industry.”

It is reported that X2Y2’s proposed royalty policy updates include:

No related posts.

  1. Mandatory royalty on 1/1 artwork and similar NFTs
  2. Implement a “holder-only” voting system, allowing holders as a group to decide whether to enable/disable custom royalties.
DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
DeFi NFT Policy Web3
WebsCrypto
  • Website
  • Facebook
  • X (Twitter)
  • Instagram

WebsCrypto is your best bet for the latest crypto news from around the world.

Recommended Reading

Markets September 25, 2023

Bonds Surge in Appeal as Bitcoin and S&P 500 Navigate Third Quarter Downturn

Markets September 25, 2023

NFT Market Faces Significant Decline Amidst Broader Crypto Challenges

Business September 24, 2023

Crypto Companies Shift Focus Outside the U.S. Amid Regulatory Pressures

News September 22, 2023

Robert Kiyosaki: Cryptocurrency is the Future, Fiat Money is on the Decline

Markets September 22, 2023

Federal Reserve Holds Steady on Interest Rates; Bitcoin Maintains Support at $27,000

Markets September 22, 2023

Bitcoin and Ethereum Navigate Volatile Waters Ahead of FOMC Decision

The Latest
Markets September 25, 2023

Bonds Surge in Appeal as Bitcoin and S&P 500 Navigate Third Quarter Downturn

Markets September 25, 2023

NFT Market Faces Significant Decline Amidst Broader Crypto Challenges

Business September 24, 2023

Crypto Companies Shift Focus Outside the U.S. Amid Regulatory Pressures

News September 22, 2023

Robert Kiyosaki: Cryptocurrency is the Future, Fiat Money is on the Decline

Markets September 22, 2023

Federal Reserve Holds Steady on Interest Rates; Bitcoin Maintains Support at $27,000

EDITOR’S CHOICE
Ether (ETH) Prices are Trading at 27% Discount to Fair Value, New Research Shows
Robert Kiyosaki: Cryptocurrency is the Future, Fiat Money is on the Decline
Crypto Companies Shift Focus Outside the U.S. Amid Regulatory Pressures
Stablecoin Ecosystem Holds Firm Despite Lackluster Activity
News
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Markets
Information
  • Opinions
  • Guides
  • Press Release
  • Sponsored
Price Indexes
  • Market Cap
  • Bitcoin Price
  • Ethereum Price
  • Cardano Price
  • Solana Price
  • Polkadot Price
  • Polygon Price
Services
  • About Us
  • Contact Us
  • Advertise
  • Privacy Policy
  • Terms of Service
WebsCrypto
X (Twitter) Facebook Telegram LinkedIn RSS
© 2023 WebsCrypto

Type above and press Enter to search. Press Esc to cancel.