What are NFT Royalties & how do they benefit the artist or creator?

NFT Royalties are automatic payouts that the author created to be made from the sales on the secondary market.

Each time a transaction for an NFT is made, the smart contract makes sure that a predetermined cut of the profits goes to the artist or creator.

5-10% is considered the standard when it comes to royalties, though it is entirely up to the creator.

This new way to distribute royalties fairly and automatically provides great benefit to artists and creators, who usually only profit from the first sale of their art.