Understanding the Relationship Between Art and Collective Memory in Cultural Identity Formation
The Defining Artworks Of 2022
Wash trading refers to when a trader units up multiple wallets to promote NFTs to themselves, growing the value each time to trick exterior buyers into considering that the asset is growing in value. If a platform mandated royalty funds, every time a hypothetical dealer sold an NFT, they’d need to pay out a royalty payment each time – typically 10% of the sale value — thus disincentivizing the practice. In what many artists seen as a major betrayal of the Web3 mission, platforms like Sudoswap, X2Y2, Magic Eden, Looks Rare, and even OpenSea determined…
