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Scarecrow
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Scarecrow
@scarecrowCT
Social experiment @corntownwtf
Corntown Katılım Kasım 2022
136 Takip Edilen4.1K Takipçiler

@scarecrowCT Just to confirm that I got it right. Your results suggest that buying an nft with the royalties enforced onchain "royalties onchain" is more expensive than buying one with the royalties not enforced on chain "No royalties". Am I right?
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Gm. Read along✌️Could be something
I don’t know if this has been talked about already but I think I found an issue with the new OS smart contract, and the OS filtering for royalties being enforced on chain.
Comparing 2 collections, one with royalties enforced and one without royalties enforced, I found out that there is a significant price increase when it comes to gas.
Royalties pre enforcement where set off chain, data was then stored presumably in a .json array and given to the OS contract, which would then distribute the royalties from their own contract to the designated address. The smart contract of OS could distribute the royalties how they wanted, even bulk multiple in 1 transaction.
Looking over at the current contract, with the filter in place, it looks like for every sale there are 3 transfers happening:
1. Transfer of funds from buyer to seller
2. Transfer of funds from buyer to creator for royalties
3. Transfer of NFT from seller to buyer
Step 2, which requires an additional 5-6$ in gas, happens for every sale and it’s not bulked. This means that for every NFT we are purchasing, we are spending an additional 5-6$ to transfer royalties to the creator, in a separate transaction.
I have compared 2 collections, one with royalties on Chain and one without, the gas is impressive. At 38 Wei, here are the results:
- No royalties
Buy 1 NFT ~ 9$ gas
Buy 2 NFT ~ 14$ gas
- Royalties on Chain
Buy 1 NFT ~ 17$ gas
But 2 NFT~ 31$ gas
You can try this for yourself as well. My parameters were:
Only listings from the same marketplace (Opensea, sweeping from OS pro)
Same wallet, same gas settings, same time.
Sorry for the long post, here is a potato 🥔
Ps. If you find the same issue, let me know in the comments below and share this tweet. It would be interesting to see how this develops
Oh and if you don’t know, we just released some hilarious faqers called FAQs, they are basically free on OS so shoot your shots 😉
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Scarecrow retweetledi

Public mint is LIVE!
2 per wallets
Can mint directly on OpenseaPRO 🟨🟧
pro.opensea.io/collection/faq…
(ps. the beauty is in the contract…not your regular free mint 😉)
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Every thread from @waleswoosh is a gem. Learn from the master
wale.moca 🐳@waleswoosh
The art of FUD: Why some NFT projects die while others flourish 🧵👇 (1/25)
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Scarecrow retweetledi

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Standing down from today’s FAQ test attemp; team is working towards next available opportunity
Mint postponed. Stay tuned
twitter.com/spacex/status/…
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SpaceX@SpaceX
Standing down from today’s flight test attempt; team is working towards next available opportunity
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