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Speaking of Hard Coded Royalties in NFT Projects…

April 18, 2023
in Web3
Reading Time: 2 mins read
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TL;DR

Goblintown are taking their NFT royalties again, come hell or excessive water.

They blocked buying and selling of their NFTs on OpenSea & Blur, and swapped out the metadata of their collections to point out a picture studying ‘In Memoriam.’

Then notified holders that they will every be despatched new NFTs, matching their unique holdings, with royalties laborious coded into them.

Full Story

You realize who’s pulling the rip twine and making use of laborious coded royalties to their mission?

The oldsters over at Goblintown – and it’s so much more durable than it reads.

See, in case you have an present mission, and need to reconfigure the sensible contract so it forces royalties to be paid…it is gonna get messy.

Basically, you want to brick your assortment and ship out substitute NFTs to your holders.

It is a BIG enterprise, and one that might flip your collector base in opposition to you (taking optionality away isn’t celebrated).

This is the way it went down for Goblintown:

They blocked buying and selling of their NFTs on OpenSea & Blur, and swapped out the metadata of their collections to point out a picture studying ‘In Memoriam’:

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Tags: CodedHardNFTProjectsroyaltiesSpeaking
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