NFT Royalties
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A Comprehensive Guide to NFTs: Understanding NFTs, How Royalties Work, and Making Money Selling NFTs
What Are NFT Royalties? NFT royalties are a percentage of the sale price of an NFT that is paid to the creator of the NFT each time it is sold or resold. This is made possible by including smart contract code in the NFT that specifies the terms of the royalty agreement. The royalty percentage and the length of time that the royalty is paid can be set by the creator. When the NFT is sold, the smart contract automatically transfers the agreed-upon percentage of the sale price to the…
