How do NFT royalties work and what is the typical percentage?

3 answers

• Nov 28, 2021 · 3 years ago
  When it comes to NFTs, royalties are a way for artists to continue earning money from their digital creations even after they have been sold. The typical percentage that artists receive as royalties is around 10% to 15% of the resale price. This means that every time the NFT is resold, the artist receives a percentage of the sale. It's a great way for artists to benefit from the increasing value of their work in the secondary market.
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• Nov 28, 2021 · 3 years ago
  NFT royalties work by using smart contracts on blockchain platforms. These smart contracts are programmed to automatically distribute a percentage of the resale price to the original artist whenever the NFT is sold again. The percentage can be set by the artist or negotiated with the platform hosting the NFT. It's a transparent and efficient way to ensure that artists are fairly compensated for their work, even as it changes hands in the market.
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• Nov 28, 2021 · 3 years ago
  At BYDFi, we believe in empowering artists and creators in the NFT space. When it comes to royalties, the typical percentage that artists receive is around 10% to 15% of the resale price. This allows artists to continue benefiting from the value of their work as it appreciates in the secondary market. We are committed to supporting artists and ensuring that they receive fair compensation for their contributions to the NFT ecosystem.
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