Try Quests to earn SOLThe Great Solana Royalty Debate
The most controversial topic on Solana over the past month has been NFT royalties. After platforms like Yawww and Solanart moved to 0% creator royalties, and eventually Magic Eden followed, the market has been in a chaotic state. Magic Eden had cited that almost all funds for a project are coming from the mint, not royalties: https://twitter.com/MagicEden/status/1580367439824826368 Is this accurate, or a misrepresentation of how successful NFT projects have been operating? What projects have been more reliant on NFT royalties than others? What collections were wallets pivoting towards using 0% royalties more frequently? Higher royalty percentages? Higher floor volumes? Are flowing royalties a sign of project health and sustainability? How much volume from 0% royalty sales can be accounted for by wash trading rather than actual user interest? Was this actual user demand, or were decisions made based on inflated data? Compare the rise of 0% royalty market behavior on Solana to on Ethereum. Are users less likely to pay royalties on Solana?