Creator Royalties Race to Zero

97 🕷️ The Spider's Catch, OpenSea Creator Royalties, TradFi immersing into Web3

Welcome to volume 97 of the weekly newsletter showcasing web3 and bridging the gap with web2. Each Monday we send you exclusive, information-packed content covering a wide range of interesting web3 topics, from blockchain technology trends to investment ideas. Sign up today and become a powerful part of the investrly community.

A short but still valuable read this week as I celebrated a major moment in web2!!!

Rippe.eth 🎯 92779.eth @MichaelRippe

Just married!!!

Thank you for joining us as we continue our web3 journey.

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The Spider’s Catch

We are excited to announce The Spider’s Catch, our new special feature series detailing the cutting edge of investing! Each edition is its own deep dive into one of the most interesting (and potentially profitable) facets of investing that we think you need to know about. The series is written by Henry Stater, a web3 expert, and founding partner at Spiderw3b. He is an experienced investor, writer, and manager who oversees all evergreen crypto content for Benzinga (where he also writes 2 popular NFT investing newsletters).

For the first edition, we were able to partner with HoneyBricks, our favorite tokenized real estate platform, to bring you even more value than just the deep dive. When you sign up and verify with HoneyBricks using our link you will get a chance to win a large (19.5oz) jar of one of our 2 favorite exotic rare honeys: Yuzu Honey or Moon Harvest Saffron Honey! Both are perfect for taking your breakfast or better yet, your mixed drinks, to a new level. Enjoy the first edition of The Spider’s Catch on tokenized real estate!

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🎨 OpenSea Breaks Silence on NFT Royalties

The race to the bottom for NFT creator royalty fees continues and the NFT secondary marketplace battles continue. Leading secondary marketplace OpenSea is out with their plan and creators are not thrilled.

OpenSea @opensea

There’s been a lot of discussion over the past few months about business models for NFT creators & whether creator fees (“royalties”) are viable. Given our role in the ecosystem, we want to take a thoughtful, principled approach to this topic & to lead w/ solutions. 🧵

Changes are coming in the form of possibly 0% royalty fees for creators.

nft now @nftnow

NEWS: OpenSea is considering 0% royalties for existing collections. What do you think they should do?

The next 30 days loom large for the community to impact and effect what OpenSea will do.

bobbyhundreds.eth @bobbyhundreds

For the next 30 days, @opensea will consider whether to cut creator royalties on their marketplace for existing collections. Please speak up and let them know how you feel about this. As you know, creator royalties are art the heart of Web3 and NFTs. This can change everything.

The web2 battles between large companies are now playing out in “web3” with the concept of decentralization directly in question.

Udi Wertheimer @udiWertheimer

eBay doesn’t pay Apple royalties when someone sells a used iPhone. Why would OpenSea pay Yuga royalties when someone sells a used BAYC?

TLDR: OpenSea reveals plan for NFT creator royalty fees

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💰 Fireblocks Head of Web3: Traditional finance is diving deeper into crypto

TLDR: TradFi companies are running nodes, validators, and immersing into Web3

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This newsletter was written by Michael Rippe and is part of the Spiderw3b Consulting Group: Creating solutions that stick.