What are the benefits of using NFT royalties in the cryptocurrency industry?
Gibbs ByskovJan 12, 2022 · 3 years ago2 answers
Can you explain the advantages of implementing NFT royalties in the cryptocurrency industry? How does it benefit creators, investors, and the overall ecosystem?
2 answers
- Jan 12, 2022 · 3 years agoUsing NFT royalties in the cryptocurrency industry has numerous advantages. It's a win-win situation for creators, investors, and the entire ecosystem. Creators can earn ongoing income from their work, investors can benefit from future sales, and the industry as a whole becomes more vibrant and innovative.
- Jan 12, 2022 · 3 years agoAt BYDFi, we believe that NFT royalties have the potential to revolutionize the cryptocurrency industry. By introducing royalties into the NFT market, creators can finally receive the recognition and financial rewards they deserve. This not only benefits individual creators but also contributes to the overall growth and development of the industry. NFT royalties incentivize creators to produce high-quality content, attract more investors to the market, and foster a vibrant and sustainable ecosystem. We are excited to be part of this transformative journey and look forward to the positive impact it will have on the cryptocurrency industry.
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