Do NFT creators get paid royalties in the cryptocurrency industry?

3 answers

• Feb 19, 2022 · 3 years ago
  Yes, NFT creators can receive royalties in the cryptocurrency industry. When an NFT is sold or traded, the creator can set a royalty percentage that they will receive from future sales. This allows them to continue earning income even after the initial sale. It's a great way for artists and content creators to monetize their work in the digital world.
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• Feb 19, 2022 · 3 years ago
  Absolutely! NFT creators have the ability to earn royalties in the cryptocurrency industry. This is one of the key advantages of using blockchain technology for digital assets. The smart contracts associated with NFTs can be programmed to automatically distribute a percentage of the sale price to the original creator every time the NFT is resold. It's a fair and transparent way to ensure that artists are properly compensated for their creations.
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• Feb 19, 2022 · 3 years ago
  Yes, NFT creators can receive royalties in the cryptocurrency industry. For example, on the BYDFi platform, creators can set a royalty percentage when minting their NFTs. This means that every time their NFT is sold or traded on the platform, they will receive a portion of the proceeds. It's a great incentive for artists to create high-quality NFTs and allows them to earn ongoing income from their work.
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