The nonfungible token (NFT) space has been a proven gateway for helping users take their first steps into the Web3 space. This is particularly true when it comes to artists and creators using Web3 tools to enhance their work. However, new data from eBit Labs and LiveArt reveals that the loss of creator royalties over the past year in the NFT space could be higher than estimated. According to the data, Bored Ape Yacht Club and Mutant Ape Yacht Club experienced shortcomings in royalties of around $20 million alone.
Source: Web3 creators at higher a loss for royalties than anticipated: data