What are NFT royalties?
Adekunle Joshua
Royalties offer NFT creators a way to keep getting paid for their work, even after the original NFT sale
These royalties ensure sustainable income for artists while also benefiting multiple stakeholders
NFT royalties also address economic imbalances in the creative industry, allowing creators to earn from subsequent transactions
It also discourages wash trading and maintains the value of digital assets by imposing costs through artificial inflation
Marketplaces play a key role in NFT royalties, as they provide platforms for creators and establish credibility for projects
Royalty fees set by marketplaces can impact the sustainability and competitiveness of the creator economy
NFT royalties offer a sustainable model for creators and promise a bright future for the industry.