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NFT Market Slump Hits Artists Hard: Payouts to Creators Plunge 98% as Royalties Slashed

The NFT market is experiencing a tumultuous slump, with tensions rising between traders and creators of digital collectibles rising amid controversy surrounding royalties. This friction has resulted from the recent decis...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

NFT Market Slump Hits Artists Hard: Payouts to Creators Plunge 98% as Royalties Slashed
The NFT market is experiencing a tumultuous slump, with tensions rising between traders and creators of digital collectibles rising amid controversy surrounding royalties. 
This friction has resulted from the recent decision by top NFT exchanges, including Blur and OpenSea, to cut royalty rates paid to artists when a token's ownership changes. ...
Read More: NFT Market Slump Hits Artists Hard: Payouts to Creators Plunge 98% as Royalties Slashed

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This nft story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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