Royalties - Demystified 💰 - Manifold

What are they, how they work, and proposal for a cross-platform registry

One of the most important aspects of NFTs are royalties, the ability for the original artist to earn revenue whenever their works are re-sold. Artist royalties are not a new concept, tracing back to the 1800’s. However, the largest marketplaces in the NFT ecosystem built royalties into their platform right from the get-go, setting the precedent for this to be standard practice. An NFT is not an asset that stands on its own. It is made up of two core components: A smart contract (coded to ERC721 or ERC1155 specifications) A token identifier An NFT is the combination of the smart contract…

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