Crypto winter is here and NFT artists' royalties are under threat

Crypto winter is here and NFT artists’ royalties are under threat

When NFT (non-fungible token) sales surged in the spring of 2021, the art world held its breath for a digital culture shift. While many old-guard dealers, scholars and critics rolled their eyes at the idea of ​​strictly virtual art ventures, commercially-minded artists everywhere rejoiced; NFTs would theoretically insure royalties on secondary sales, a recurring passive …

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