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Nifty News: Royalty-enforcing NFTs a ‘new asset class,’ South Korea buys NFTs with CBDC and more

The CEO of NFT marketplace Magic Eden said NFT creators “need a sustained revenue model,” and with “no way” of currently enforcing royalties, a “new asset class” could emerge to enforce them.

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Archive context

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

Nifty News: Royalty-enforcing NFTs a ‘new asset class,’ South Korea buys NFTs with CBDC and more

The CEO of NFT marketplace Magic Eden said NFT creators “need a sustained revenue model,” and with “no way” of currently enforcing royalties, a “new asset class” could emerge to enforce them.

Why this matters

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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