DeGods removes royalties from resales – NFT Plaza
The biggest advantage for NFT creators is the royalty. When an NFT is resold, the original creator receives a portion of the fee on top of the initial proceeds from the first sale. Needless to say, this has made NFT popular among developers.
But Digods, a Solana-based NFT collection, has joined a growing number of collections that have introduced a 0-royalty policy for all of its assets. The new policy now also applies to its sister collections, y00ts and t00bs. It means the original creators of assets under this collection No royalties will be received from resale.
“We still believe that royalties are an incredible use case for NFTs. We will continue to support manufacturers looking for solutions to implement royalties“, the tweet said, referring to it as a ‘new test’.
A new development from this side though Gods, several prominent collections like CryptoPunks have already opted for a zero-royalty policy. However, this is not what DeGods are NFT royalty condemnation As an idea. In the statement, it was made clear that DeGods supports the concept of royalties and creators looking for them, but simply feels that this is the best decision for them at this time.
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*All investment/financial opinions published by NFT Plaza are derived from the personal research and experience of our site moderators and are intended as educational material only. Individuals should do thorough research on any product before making any type of investment.
Tokoni Ooty has written extensively on blockchain and cryptocurrency over the years. His work has appeared on sites such as BTCmanager and Blockchain Reporter. He has a degree in Corporate Communication.
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