​Bad News: The NFT Space Just Lost Its Most Attractive Business Model.

One of the coolest things about NFTs?

Creators can program royalties into them, so they get a percentage of every future sale.

Unfortunately, all good things must come to an end.

Over the past year or so, different NFT marketplaces have started to figure out ways around paying those royalty fees - so they can gain more marketshare, by offering traders higher profits.

Which essentially started a race to the bottom - where each major NFT marketplace removed royalty fees, in an attempt to stay competitive.

The last domino to fall? OpenSea (this past Friday), details here.

Some say it's a good thing, as they think too many large projects have just learned to coast off royalties, without building anything new.

While others are vowing to boycott any marketplace that doesn't honor royalties.

But whichever way you slice it, without enforced royalties as a standard, the NFT space is losing a HUGE opportunity.

In the interest of keeping this edition under 5,000 words...

​Here's a tweet thread from Chevy, explaining why: