Why are royalties important for artists and investors in the cryptocurrency NFT space?
Why are royalties important for artists and investors in the cryptocurrency NFT space? How do royalties benefit artists and investors in the NFT market?
1 answers
- darknightzmJun 22, 2024 · 2 years agoAt BYDFi, we believe that royalties play a crucial role in the cryptocurrency NFT space. Artists can include a royalty percentage in the smart contract when they sell their NFTs, which allows them to earn a portion of the future sales. This provides artists with a sustainable source of income and incentivizes them to create more valuable and unique NFTs. For investors, royalties can be a great way to earn passive income. By owning NFTs with royalties, investors can benefit from the increasing value of the NFTs and also earn a percentage of the future sales. It's a win-win situation for artists and investors alike!
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