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What are NFT royalties, and how do they work?
What are NFT royalties? Royalties give NFT creators a way to keep getting paid for their work, even after the original sale of the NFT. Nonfungible tokens (NFTs) have been a key technical paradigm and a building block of the Web3 ecosystem. While the rise of NFTs was really led by the Ethereum community through 2020 and 2021, other chains like Solana and even Bitcoin have followed suit with major projects launching on these blockchains. Creators have historically looked for different forms of income from their work. While there are laws pertaining to protecting intellectual property in the Web2 world, enforcing these ... (full story)