Smart contract-based NFT royalties have been embraced by independent artists as a much-needed protection, the perfect Web3 antidote to years of creator exploitation, but many issues remain with the reality of royalties. megdematteo weighs in:
silver bullet. As a freshly self-employed writer who left a salaried media job to pursue a freelance career, scarcity was on my mind.
I chose self-employment after realizing that companies I’d written for in the past would forever have the right to turn my articles into newsletters, ebooks, social media threads, digital courses and more, yet I would never be entitled to additional compensation other than my fixed salary once that work was completed.
I soon learned that Web3 had already considered this dynamic and developed a tool to ensure NFT artists could continue to make revenue from their intellectual property. By utilizing
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