crypto

Crypto Startup Bankrupt After Losing Password to $38.9 Million Physical Crypto Wallet

One of the big promises of NFTs was that the artist who originally made them could get a cut every time their piece was resold. Unfortunately, that’s not the case anymore.

OpenSea, the biggest NFT marketplace still fully enforcing royalty fees, said today that it plans to stop the mandatory collection of resale fees for artists. Starting March 2024, those fees will essentially be tips — an optional percentage of a sale price that sellers can choose to give the original artist. If the seller doesn’t want to hand over any money, that’ll be their choice.

Scammers be scamming.

[The article] uncritically repeated many questionable or entirely fallacious arguments from cryptocurrency advocates, and it appears that no experts on the topic were consulted, or even anyone with a less-than-rosy view on crypto. This is grossly irresponsible.

Here, a group of around fifteen cryptocurrency researchers and critics have done what the New York Times apparently won’t.