NFT Royalties: How Do They Work?
NFT royalties are payments that are given routinely to the original NFT owner on subsequent sales of the owner’s or artist’s work.
During the minting procedure, the original owner chooses the NFT royalty on the market or blockchain platform.
These royalties are earned through supplementary sales or transactions within the marketplace after the first sale.
This is comparable to equities dealing in the secondary market after being sold in an initial public offering, or IPO, to use a stock market example.
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