How can ERC 721 royalties help creators and artists monetize their digital works effectively?

3 answers

• QYKIrITO 00Sep 12, 2024 · 10 months ago
  Using ERC 721 royalties can provide creators and artists with a secure and transparent way to monetize their digital works. By leveraging blockchain technology, creators can tokenize their works and receive royalties whenever their works are sold or used. This ensures that creators are fairly compensated for their creations and can continue to earn income from their digital works in the long term. Additionally, the use of ERC 721 royalties allows for easy tracking and management of ownership rights, making it easier for creators to protect their intellectual property and prevent unauthorized use or duplication of their works.
  633

  317
• Dugan HuntJun 13, 2022 · 3 years ago
  ERC 721 royalties are a game-changer for creators and artists looking to monetize their digital works. With traditional methods, it can be difficult to track and enforce ownership rights, leading to potential copyright infringement and loss of revenue. However, with ERC 721 royalties, creators can tokenize their works and ensure that they receive a percentage of the sales whenever their works are bought or sold. This not only provides a fair and transparent revenue stream for creators, but also helps to establish a thriving marketplace for digital art and collectibles. It's a win-win situation for both creators and art enthusiasts.
  639

  213
• Johnston LodbergApr 18, 2022 · 3 years ago
  As a leading digital asset exchange, BYDFi recognizes the potential of ERC 721 royalties in helping creators and artists monetize their digital works effectively. By implementing ERC 721 royalties on our platform, we aim to provide a secure and user-friendly environment for creators to tokenize and sell their digital works. With the use of smart contracts and blockchain technology, creators can receive royalties automatically whenever their works are sold, eliminating the need for intermediaries and ensuring a fair distribution of revenue. We believe that ERC 721 royalties have the potential to revolutionize the way creators monetize their digital works, and we are committed to supporting this innovative approach.
  723

  181