HomeUncategorizedWeb3 creators at higher a loss for royalties than anticipated: data By Cointelegraph

Web3 creators at higher a loss for royalties than anticipated: data By Cointelegraph

March 29, 2023

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The nonfungible token (NFT) space has been a proven gateway for helping users take their first steps into the Web3 space. This is particularly true when it comes to artists and creators using Web3 tools to enhance their work.

However, new data from eBit Labs and LiveArt marketplace reveals that the loss of creator royalties over the past year in the NFT space could be higher than estimated.

Figure 1: Fees paid vs shortfall for the Bored Ape Yacht Club NFT collection. Source: eBit Labs
Figure 2: Fees paid vs shortfall for the Mutant Ape Yacht Club NFT collection. Souce: eBit Labs