How does the royalty system work in the Bored Ape Yacht Club digital collectibles?

3 answers

• Peter MikhaeilOct 02, 2022 · 3 years ago
  The royalty system in the Bored Ape Yacht Club digital collectibles is a mechanism that allows the creators of these collectibles to earn a percentage of the sales whenever their collectibles are resold. This means that even after the initial sale, the creators continue to benefit from the increasing value of their creations. It incentivizes creators to produce high-quality and desirable collectibles, as they can earn ongoing royalties from their work. Additionally, it also benefits the owners of these collectibles, as they can potentially earn royalties if they decide to sell their collectibles in the future. Overall, the royalty system creates a win-win situation for both creators and owners in the Bored Ape Yacht Club.
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• BirgithDec 01, 2024 · 8 months ago
  The royalty system in the Bored Ape Yacht Club digital collectibles is a genius concept that rewards the creators for their artistic contributions. Whenever a collectible is sold, a percentage of the sale price is automatically paid to the original creator as a royalty. This ensures that the creators are fairly compensated for their work and encourages them to continue producing unique and valuable collectibles. It also adds value to the collectibles themselves, as the royalty system creates a sense of scarcity and exclusivity. So, not only do the creators benefit, but the owners of these collectibles also have the potential to profit from future sales if the value of their collectibles increases over time.
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• Raul ManasevichJun 30, 2022 · 3 years ago
  Ah, the royalty system in the Bored Ape Yacht Club digital collectibles! It's a pretty cool feature, if you ask me. So, here's how it works. Whenever someone buys a Bored Ape collectible and later decides to sell it, a percentage of the sale price is automatically paid to the original creator. This means that the creators continue to earn money even after the initial sale. It's a win-win situation for everyone involved. The creators get rewarded for their hard work and creativity, and the owners of these collectibles can potentially make a profit if they decide to sell. It's a great way to support the artists and ensure that they are fairly compensated for their contributions to the Bored Ape Yacht Club.
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