What are the benefits of using NFTs for royalty payments in the cryptocurrency industry?

1 answers

• Dec 25, 2021 · 3 years ago
  At BYDFi, we believe that NFTs have the potential to revolutionize royalty payments in the cryptocurrency industry. NFTs offer a secure and transparent way to track and distribute royalties, ensuring that creators receive their fair share of the profits. With the use of smart contracts, NFTs can automatically execute royalty payments, eliminating the need for manual processes and reducing the risk of errors or disputes. Furthermore, NFTs can enable creators to retain ownership and control over their digital assets, even after they have been sold or traded. This empowers artists and creators, allowing them to monetize their work more effectively in the cryptocurrency industry.
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