BAYC & Magic Eden
Do forced royalties break NFTs?

100 / Good luck with that

Timeline

00:00 Intro

00:41 Content authenticity

02:00 Secret phone number!

02:54 Yuga Labs mandatory pa

03:39 Artists have costs

06:18 Why are there free mints?

10:32 UAS

11:16 The features

12:23 LATAM liftoff

12:49 Burning & taxes

14:42 Why marketplaces use UAS

Participants

@fulldecent

William Entriken

@dtedesco1

Daniel Tedesco

@Legend

???

@cryptonerdylady

???

@037

AKM

@v3ct0rfi

???

@afri_deva

???

@lazererik

Lars

@0x7jay

Jay Chen

@murder_ders

???

@tw4nfts

???

@Rito_Rhymes

Ritorhymes

@H_T_V_

???

@irishnftgal

???

Episode notes

• Press release from Yuga Labs and Magic Eden
• Bored Apes gives 2% royalties to creators

• https://www.theverge.com/2023/10/26/23932288/leica-m11p-camera-rangefinder-adobe-content-authenticity-cai-ai-verification-price-specs
• Discussion with @V3CT0RFI – “If you’re building a community, there should be more stringent processes to get onto a marketplace.” Different from people who are selling art with no promise of further activities
• Flippers are valuable, holders are valuable
• Give NFTs away for free, and you’re not liable for a lot of stuff – your income tax, collecting sales tax, etc.
• See: https://hour.gg/episodes/2022-08-16-episode-37.html
  • Board Ape + Business, not just selling empty vision
• The CSH video game!
• Universal Asset Signing and the moat 2023-11-06 Tokens, gas, UAS
• Main features:
  • Join new marketplaces with no onboarding fees
  • Transfer tokens without ever having ETH (great for USDD/Latin America)