What are some examples of NFT royalties in the cryptocurrency industry?

1 answers

• samah khattabJul 11, 2024 · a year ago
  Certainly! NFT royalties have become increasingly popular in the cryptocurrency industry. They allow artists and creators to earn ongoing income from their digital assets. For example, let's say an artist creates an NFT artwork and sells it on a marketplace. They can set a royalty fee of 10%, which means that every time the artwork is resold, the artist will receive 10% of the sale price. This provides a passive income stream for the artist and incentivizes them to create more valuable and desirable artworks. NFT royalties have revolutionized the way artists can monetize their creations and have opened up new opportunities for income generation in the cryptocurrency space.
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