this post was submitted on 18 Aug 2023
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A key feature of NFTs has completely broken / Web3 was supposed to make sure the original artist always got paid. Not so much anymore. (www.theverge.com)
submitted 1 year ago by 2tone@lemmy.world to c/technology@lemmy.world
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[–] Eranziel@lemmy.world 36 points 1 year ago* (last edited 1 year ago)

It's broken now? I'd say that's a bold assumption that it ever worked in the first place.

Edit: to be clear, I mean that it is and always has been an impossible problem. The only reason it ever worked is because some broker company wanted it as a feature, not because anything compelled them to give original artists a cut. And that's before you consider the question, "but how do you know the NFT was made by the original artist?"