How do NFT royalties contribute to the standardization of the cryptocurrency market?

3 answers

• Nov 24, 2021 · 3 years ago
  NFT royalties play a crucial role in standardizing the cryptocurrency market by providing a framework for creators to earn ongoing income from their digital assets. This incentivizes artists, musicians, and other content creators to participate in the NFT space, leading to a wider variety of high-quality and unique digital assets. Additionally, the introduction of royalties helps establish a sense of trust and transparency in the market, as buyers can be assured that the original creators will continue to benefit from the resale of their works. This contributes to the overall legitimacy and standardization of the cryptocurrency market.
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• Nov 24, 2021 · 3 years ago
  NFT royalties are a game-changer for the cryptocurrency market. They bring a level of fairness and sustainability to the ecosystem by ensuring that creators receive a portion of the profits every time their NFTs are sold. This not only encourages more artists and creators to join the market but also helps establish a standard practice for the industry. With royalties in place, the market becomes more predictable and reliable, attracting more investors and buyers. As a result, the cryptocurrency market becomes more stable and standardized.
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• Nov 24, 2021 · 3 years ago
  NFT royalties are an important aspect of standardizing the cryptocurrency market. They provide a way for creators to earn ongoing income from their digital assets, even after the initial sale. This creates a sustainable ecosystem where artists and content creators are incentivized to produce high-quality NFTs. By ensuring that creators are rewarded for their work, royalties help establish a fair and transparent marketplace. This contributes to the overall standardization of the cryptocurrency market by promoting trust and encouraging more participation from creators and investors alike.
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