As NFTs spread across the world, users spent millions of dollars to buy digital assets to prove their uniqueness. Many creators and artists showcase their beautiful products, such as artworks, music, etc., in the NFT marketplace. What if a creator can profit from their work even after selling it to another business? This is where royalty comes in; it is a recent addition to the NFT space. Owing NFT royalties can benefit artists and creators from succeeding sales to the business.
Once NFT royalties became a hot topic and gained popularity among artists and creators. Later, arguments were evolved to remove royalties that had swayed other NFT creators. DeGods, the popular Solana's NFT project, has moved its royalty model to 0%. However, creating a royalty-based NFT marketplace attracts many creators around the world. In this article, we will delve into the development process of NFT marketplace royalties and how it benefits enthusiastic artists from secondary sales.