Nov. 11, 2022

OpenSea Execs Talk Royalties, Plus the FTX Crash and More with Zeneca33 & Amber Vittoria | Overpriced JPEGs Recap #45

OpenSea Execs Talk Royalties, Plus the FTX Crash and More with Zeneca33 & Amber Vittoria | Overpriced JPEGs Recap #45

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Timestamps:
0:00 Intro
5:19 FTX Is Going Down: A Summary
18:36 LBC Is Now a Security
22:16 Opening Thoughts on Royalties
27:58 OpenSea Joins the Show!
29:17 Diving Into OpenSea's Royalty Announcement
33:39 What Does This Mean for New Creators?
38:12 Qualifying for OpenSea Royalties
40:14 Deciding Which Contracts Don't Receive Royalties
42:51 A Reply to Critiques of the Marketplace Fee
45:50 Initial Thoughts and Questions From Creators
50:18 What Motivated the Change?
54:21 Keeping the Policy "As Is"
58:14 How Permanent Is the New Policy?
1:01:57 The Consequences of Sounding "Wishy-Washy"
1:04:13 Mismanaging Expectations of Artists
1:08:03 Are Royalties Here to Stay?
1:11:16 The Spectrum of Options in the Future
1:14:05 Expecting the Best and Planning for the Worst
1:16:49 Outro
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Resources:
Amber Vittoria Twitter: https://twitter.com/amber_vittoria 

Zeneca Twitter: https://twitter.com/Zeneca_33 

Devin Finzer Twitter: https://twitter.com/dfinzer 

Anne Fauvre-Willis: https://twitter.com/anniefauv 

Latest OpenSea Announcement: https://twitter.com/opensea/status/1590466334814785537?s=20&t=PQuLNIhECP59RwbIzeJWAA 

Binance v. FTX Story: https://twitter.com/alex_valaitis/status/1589711035132694528?s=20&t=8YryxwlkeN6DSnLhVVkKzg 

LBC Story: https://www.reuters.com/legal/transactional/us-securities-regulators-win-case-against-crypto-company-lbry-2022-11-07/ 
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