"According to our analysis, web3 paid out $174,000 per creator, while Meta paid out $0.10 per user, Spotify paid out $636 per artist, and YouTube paid out $2.47 per channel. Web3 is tiny but mighty."
If you like me are wondering what this sentence means: According to the slide deck, they arrived at $174,000 by taking the aggregate sales of NFTs on OpenSea ("Includes ETH-denominated primary sales...plus creator royalties from secondary sales", says a footnote there) and dividing by 22,400 "creators", which I guess means accounts selling NFTs.
There are a few, narrow applications, but for most, in reality, the hard problems are not technical and cryptos have the same problems, many cases worse than what we have today.
If you like me are wondering what this sentence means: According to the slide deck, they arrived at $174,000 by taking the aggregate sales of NFTs on OpenSea ("Includes ETH-denominated primary sales...plus creator royalties from secondary sales", says a footnote there) and dividing by 22,400 "creators", which I guess means accounts selling NFTs.