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Despite the bumpy ride over the past few months, NFT royalties make the model more sustainable for founders of NFT collections. It also allows art to be a more sustainable source of livelihood for creators.
2022 was brutal in many aspects for the Web3 world. Scams ran rampant, while prices kept falling owing to macroeconomic conditions. Despite roadblocks, NFT royalties can play a crucial role in creator revenue generation. It can also help with customer loyalty for organizations incentivizing the buying and selling of collectibles and giving a chunk of revenue back to their customers, creating a greater brand experience.
This story originally appeared on Investing
