Binance Square

Porsha Venneman mfPU

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Royalties are a game-changing feature enabled by NFT smart contracts when an NFT is created the artist can program a specific percentage usually around five to ten percent to be automatically paid back to their wallet every single time the token is resold on a secondary marketplace this simple yet powerful mechanism fundamentally shifts the economics for creators in the traditional art world an artist receives nothing from the subsequent sales of their work but in the NFT space the artist is permanently connected to the value they create this feature fosters a long-term financial incentive for artists to build and support their communities knowing they will benefit from the growing value and popularity of their art over time #BinanceCaseChallenge #HighBetaXLRI
Royalties are a game-changing feature enabled by NFT smart contracts when an NFT is created the artist can program a specific percentage usually around five to ten percent to be automatically paid back to their wallet every single time the token is resold on a secondary marketplace this simple yet powerful mechanism fundamentally shifts the economics for creators in the traditional art world an artist receives nothing from the subsequent sales of their work but in the NFT space the artist is permanently connected to the value they create this feature fosters a long-term financial incentive for artists to build and support their communities knowing they will benefit from the growing value and popularity of their art over time #BinanceCaseChallenge #HighBetaXLRI
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