How are royalties and copyrights managed in the world of music NFTs?

3 answers

• Nov 28, 2021 · 3 years ago
  In the world of music NFTs, royalties and copyrights are managed through smart contracts. These contracts are programmed to automatically distribute royalties to artists whenever their NFTs are sold or traded. This ensures that artists receive a percentage of the profits from the sale of their work, even in secondary markets. Additionally, the use of blockchain technology in NFTs provides a transparent and immutable record of ownership and transactions, which helps protect artists' rights and prevent unauthorized use of their work.
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• Nov 28, 2021 · 3 years ago
  Managing royalties and copyrights in the world of music NFTs is a complex process. Artists can choose to set specific terms and conditions for the use of their music in the smart contracts associated with their NFTs. These contracts can include details such as the percentage of royalties the artist will receive, the duration of the royalty payments, and any limitations on the use of the music. By leveraging blockchain technology, NFTs provide a decentralized and secure platform for artists to manage and monetize their music rights.
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• Nov 28, 2021 · 3 years ago
  At BYDFi, we understand the importance of fair compensation for artists in the world of music NFTs. Our platform ensures that artists receive their rightful royalties by implementing smart contracts that automatically distribute payments whenever their NFTs are sold. We also provide artists with the tools to customize their royalty terms and conditions, giving them full control over their music rights. With BYDFi, artists can confidently embrace the world of NFTs while protecting their creative work and earning a fair income.
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