What is the average royalty percentage for NFTs in the cryptocurrency market?

3 answers

• Mar 20, 2022 · 3 years ago
  The average royalty percentage for NFTs in the cryptocurrency market varies depending on the platform and the specific terms set by the artist. Generally, artists can earn anywhere from 2% to 10% of the resale price of their NFTs. Some platforms may offer higher royalty percentages to attract artists, while others may have lower percentages. It's important for artists to carefully review the terms and conditions of each platform before listing their NFTs to ensure they are comfortable with the royalty percentage offered.
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• Mar 20, 2022 · 3 years ago
  When it comes to the average royalty percentage for NFTs in the cryptocurrency market, there isn't a one-size-fits-all answer. Different platforms have different royalty structures, and artists have the freedom to choose the platform that offers the best terms for them. Some platforms may offer a fixed royalty percentage, while others may allow artists to set their own percentage. Additionally, the royalty percentage can vary based on the specific artwork and the demand for it. It's always a good idea for artists to do their research and compare different platforms to find the best royalty percentage for their NFTs.
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• Mar 20, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers artists an average royalty percentage of 5% for their NFTs. This means that artists can earn 5% of the resale price each time their NFT is sold on the BYDFi platform. The royalty percentage is automatically enforced by smart contracts, ensuring that artists receive their fair share of the profits. BYDFi also provides a user-friendly interface for artists to easily list and manage their NFTs. Artists can take advantage of the growing popularity of NFTs and earn a passive income through royalty payments on BYDFi.
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