Why are NFT royalties considered a valuable asset in the crypto market?

7 answers

• Dec 24, 2021 · 3 years ago
  NFT royalties are considered a valuable asset in the crypto market because they provide ongoing income to the owner. When an NFT is sold or traded, the creator or original owner of the NFT can receive a percentage of the subsequent sales as royalties. This creates a passive income stream for the creator, making the NFT more valuable. Additionally, the potential for future appreciation in value of the NFT can also make the royalties more valuable.
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• Dec 24, 2021 · 3 years ago
  NFT royalties are seen as valuable in the crypto market because they allow artists and creators to continue to benefit from their work even after it has been sold. This provides a sense of ownership and control over their creations, which is highly valued in the digital art world. The ability to earn ongoing royalties from the resale of their NFTs incentivizes artists to create more unique and high-quality pieces, driving innovation and creativity in the NFT space.
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• Dec 24, 2021 · 3 years ago
  NFT royalties are considered valuable in the crypto market because they provide a way for artists and creators to earn a passive income from their work. With the rise of decentralized finance (DeFi) platforms like BYDFi, artists can tokenize their work and earn royalties every time it is bought or sold on the blockchain. This opens up new opportunities for artists to monetize their creations and build a sustainable income stream in the digital art market.
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• Dec 24, 2021 · 3 years ago
  NFT royalties are valuable in the crypto market because they create a win-win situation for both artists and collectors. Artists can earn ongoing income from their creations, while collectors have the potential to profit from the appreciation in value of the NFTs they own. This creates a symbiotic relationship between artists and collectors, where both parties benefit from the success of the NFT market.
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• Dec 24, 2021 · 3 years ago
  NFT royalties are considered valuable in the crypto market because they provide a way for artists to retain control over their work and ensure they are fairly compensated for their creations. With the ability to earn royalties from the resale of their NFTs, artists can continue to benefit from the increasing value of their work over time. This incentivizes artists to participate in the NFT market and creates a more sustainable ecosystem for digital art.
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• Dec 24, 2021 · 3 years ago
  NFT royalties are seen as a valuable asset in the crypto market because they introduce a new revenue stream for artists and creators. Instead of relying solely on one-time sales, artists can earn ongoing royalties from the resale of their NFTs. This provides a more sustainable income model and allows artists to continue to benefit from the success of their work even after it has been sold.
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• Dec 24, 2021 · 3 years ago
  NFT royalties are considered valuable in the crypto market because they add a layer of scarcity and exclusivity to digital assets. By receiving royalties from subsequent sales, the original creator or owner of an NFT can ensure that the supply of their work remains limited and in high demand. This scarcity can drive up the value of the NFT and make it a valuable asset in the crypto market.
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