Rhythm Prix

Without royalties, NFTs lose 50% or more of their value proposition

SNEAK PEEK Since last summer, the nonfungible token market has been flourishing. The $41 billion historical sales volume for NFT has occurred since last August. It is intended that NFTs would offer everyone a fair chance. Rodrigo Blanco, smiling and appearing unfazed in an Instagram video, stated, “Stay cool, your NFTs are still in your wallet,” to the sound of a lively background rhythm. Blanco, a self-described Christian businessman from Guatemala, was striving to contain the damage after OpenSea, the largest NFT marketplace online, destroyed his digital collection of 5,000 versions of a single American house selling for $500 apiece.