Welcome back to Chain Reaction.
Here are some of the biggest crypto stories TechCrunch has covered this week.
Creator royalties were originally introduced across the NFT community as a way to pay artists for their work in both primary and secondary sales. In recent months, conversations around these royalties shifted as some platforms, including LooksRare and Magic Eden, abandoned them for other alternatives. Not everyone is happy about it, as the decisions have huge potential implications for creators in the web3 space.
Indonesia wants to direct the blockchain craze toward greener use. The Indonesia Stock Exchange (IDX) has signed a memorandum of understanding with Metaverse Green Exchange (MVGX), a Singaporean startup that specializes in digital exchange technology. The intended collaboration centers around IDX’s emission trading scheme that is slated to launch in 2025, and MVGX’s job is to help IDX build a carbon registry and exchange with blockchain as the infrastructure layer, TechCrunch’s Rita Liao reports.
We also discussed:
This list was compiled with information from Messari as well as TechCrunch’s own reporting.