Animoca Brands Co-Founder: Royalties Make It Possible for NFT Projects to Flourish

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.ysiu of animocabrands says the computer gaming firm supports NFT royalties. Without them it would send the industry backwards. _franvela reports

Despite a bear market sweeping much of 2022, the NFT industry“That means that billions of dollars went to creators but, more importantly, an even larger number went to owners of the assets of these entities that fueled an industry that made it possible to create companies like Blur, OpenSea or Magic Eden,” he said.

“If you remove that, then you actually end up sending the industry, from our perspective, backwards,” he said.recently invested“We view it [the investment] a little bit like when we made our investment in OpenSea back in 2019,” Siu told CDTV. ”One of the reasons we made that investment was because we wanted to sort of help build the rails of that NFT economy, which back then was nonexistent, and today has become fairly meaningful.

 

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'Sounds like the industry would be in trouble without NFT royalties - glad you're here to save the day!'

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