NFT royalties are empowering businesses and creators 💸

In the spotlight

The future of recurring revenue

NFTs are intrinsically changing the way businesses and creators earn from their digital collectibles. And that’s thanks to royalties. 

You’ve probably heard this term before but what you might not know is that it’s notably one of the most underutilized and misunderstood features of non-fungible tokens. 

In the traditional art world, artists often receive a percentage of the sale price when their work is sold by collectors or auction houses. But they don’t typically see future profits from further sales.

That’s where NFTs come into play.

NFT royalties solve this by providing creators ongoing income even after they've sold their original work. 

So what does that mean for companies and individual creators?

1. Companies can use NFT royalties to create new revenue streams
2. Individual creators can use royalties to capitalize while selling directly to fans

Read more

The bulletin board

The web3 resource you’ve been waiting for

If you’re new to web3 or know anyone eager to learn more, you know that it can seem confusing at first. 

Our web3 dictionary is working to make that transition a whole lot easier.

It’s designed to help you navigate the complexities of web3 and quickly understand the key concepts, technologies, and terms you’ll see throughout the space.

Whether you’re a developer, investor, or simply interested in the future of the internet, this will provide you with the solid foundational knowledge you need to navigate the exciting world of web3.

Trivia Thursdays: Test your web3 knowledge

Put your web3 knowledge to the test with this week's Trivia Thursday.

How does web3 address the limitations of its predecessors?

1. By creating a more interoperable, intelligent, and flexible online experience
2. By creating rich and dynamic content, such as videos, podcasts, and blogs
3. By creating simple text and image-based content, such as articles, product descriptions, and static pages
4. By creating a web-experience focused on easy access to information

Check out the answer at the bottom of this email and get ready for next week by reading up on the latest in our web3 101 series.

TL;DR

Your three-bullet summary of happenings from RECUR

• Dive into the world of NFT royalties and how they provide businesses and creators ongoing income even after their original work has been sold. 
• New to web3 or know someone who is? This NFT dictionary is your complete resource for web3 vocabulary. 
• Earlier this year, CEO Zach Bruch joined a panel discussion at CES on the changing web3 landscape. Check out the full video recording to see what you missed. 

Around web3

Poems to fall for ❤️ 

Roses are red, violets are blue,

Poets sent their best, their creativity grew

That’s right. In celebration of Valentine’s Day, we ran a web3 poetry contest on our Twitter channel. 

Our community showed up with clever verses left and right. 

But we weren’t the only ones in web3 celebrating:

• Cardano got a “Valentine” upgrade
• 83% confessed attraction to crypto fanatics in a Valentine’s Day survey
• Paris Hilton launched the Parisland metaverse - a virtual reality dating experience - in The Sandbox just in time for the holiday

Wags from RE(P)URrrrr

Featuring the furry friends of RECUR employees.

‍Trivia Answer:‍

A. By creating a more interoperable, intelligent, and flexible online experience