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when no one wants to pay the minimum then the affective value becomes zero instantly as market can’t function by lowering the price until it finds demand.
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FROM NOW ON ALL OF MY TWEETS WILL BE IN A VR FORMAT.
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The worst thing you could possibly do to CT is make them read. This is chart country 🤠
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YES. They will try to forget but don’t worry we won’t let them! @limitbreak twitter.com/gaby_goldberg/…
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Let’s see what happens when we take all of these solutions and wrap them in a Free NFT. @limitbreak @DigiDaigaku
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.@limitbreak has ushered in a new phase of NFT with Free + programmable collector royalties. The gravity pull of NFTs will get so strong attention will not be able to escape.
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I haven’t really seen one game that doesn’t want this @limitbreak contract solution. (But I’m sure this will summon one) 🤣 twitter.com/HM_0222/status…
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This is going right over many peoples heads! twitter.com/mookah_f/statu…
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I’m willing to stick my neck out over and over again. 🫡 @limitbreak
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Thank you for everyone taking the time to listen! We really appreciate your questions and feedback!
twitter.com/i/spaces/1ynJO…
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Read the thread before our spaces! Learn more about our opt in/out royalty (and more) solution from @limitbreak! twitter.com/gabrielleydon/…
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28/ DISCLAIMER: Both the Limit Break and DigiDaigaku team are still planning how they might implement these solutions so don’t make any assumptions on how this will work for either team or their products yet.
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27/ The community release of CREATOR TOKEN CONTRACTS is an important step toward improving NFTs. We can’t wait to see what creators will build with it in 2023 and beyond!
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26/ Including collectors as stakeholders for royalties is a powerful way that creators can align incentives with their community of NFT holders. This builds value for NFT collectors that was previously not possible and will work into perpetuity thanks to smart contracts.
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25/ For more programmable royalty implementation examples, see our blog post. Link below:
medium.com/limit-break/in…
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24/ One example of collector royalties is that the original user that MINTED an NFT gets royalties on that individual NFT FOREVER. Affiliates, on the other hand, can earn royalties on NFTs minted from their referrals.
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21/ For instance, if a game developer has an ultra-rare 1-of-1 in-game weapon NFT, a single below-market trade of that item can adversely affect the entire in-game economy. Minimum floor pricing would stop this.
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23/ Solving royalty enforcement enables new features that include affiliate and collector royalties on their own individual NFTs. There will be many equitable, innovative royalty sharing patterns developed by teams once enforceable royalties are normalized.
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22/ Minimum Floors will also make programmable royalties enforceable at the contract level, as they should have always worked. Marketplace fees and royalties are assured if control flow and funds from NFT trades must route through a new contract standard.
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20/ Minimum Floors can be used in many ways by game developers to impact the balance of their in-game economies, which will make for better gaming experience for players. This can help insulate in-game economies from external and macroeconomic factors.
CEO @LimitBreak / @FreeNFT / @Digidaigaku