Protocol Dependency (NFT)

Definition

The reliance of NFT governance on protocol-level decisions made by blockchain developers, wallet providers, and marketplace operators. These dependencies mean that individual artists cannot enforce agreements that protocols don't support.

Example

Royalty enforcement requires protocol-level support (like EIP-2981), but protocols are governed by developer consensus that prioritises different values than artist rights.

Source

NFTs Section 13

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Related Terms from NFTs & Value Formalisation

Failed Constitution

Formalisation Without Authority

Royalty Wars

Primary Sale Dependency

Secondary Market Extraction

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NFTs & Value Formalisation