Brypto

I have no pity for teams complaining about royalties when they raised $60m+ dollars selling NFTs That's 60x to 600x what the average start up raises pre-seed, not including the tens of millions they made in royalties Feels like people are finally realizing that team incentives don’t align with theirs: > Teams want their company’s value to go up > Holders want their NFTs’ value to go up There's little correlation between the two That’s why when teams hype up a “huge partnership” like we just saw with Doodles, Pudgies, and Apes, floors often drop after the announcement Holders own zero equity. Your Azuki’s price isn’t tied to the company’s value, just like a Charizard card doesn’t rise or fall with The Pokémon Company’s valuation An NFT launch is a fundraising event. A token launch is a fundraising event. It all revolves around money. Is that wrong? No. You’re here for money too, just on the other side of the trade Would turning royalties back on fix this? No. Royalties reward volume, not floor price During Azuki’s crash from 32e to 6e, the team still made millions in royalties Did that make me feel better as a holder? No. I lost $100k while the team made $5m+ to keep building The hard truth: you’re a customer, not a community member And you’re no longer a paying one. You won’t mint, buy a new token or pay royalties, so teams are moving on looking for new customers It’s nothing personal. It’s just business.