Tezos Top Marketplaces Agree to Honor Creator Royalties

For creators, the sudden loss of another stream of income has been the straw that broke the camel’s back, sending them away from these technologies. Luckily, not all blockchain systems have come out against creator royalties. Most recently, Tezos and all of its top marketplaces, have demonstrated their unconditional support for creators.

In this article, we’ll dive into the controversy around NFT royalties, demonstrating how Tezos has positioned itself as a market leader due to its alliance with artists over profits.

What’s the Big Deal About NFT Royalties?

NFT royalties are designed to afford artists more than a single way of making money from their art. In traditional spaces, artists simply have to sell a piece of art, losing the rights to the asset and getting a fixed fee in return. In order to give artists more flexibility, NFT royalties were created.

But, this isn’t an issue that only impacts individual artists. When a range of world-leading blockchains all disagree on something as fundamental as how they manage one of their leading technologies, it comes off as worrying for investors.