{"id":6949,"date":"2023-05-30T14:31:19","date_gmt":"2023-05-30T14:31:19","guid":{"rendered":"https:\/\/www.bitcoincasinos.com\/?p=6949"},"modified":"2024-02-06T08:48:33","modified_gmt":"2024-02-06T08:48:33","slug":"nft-marketplaces-pay-out-nearly-2-billion-in-royalties-to-creators","status":"publish","type":"post","link":"https:\/\/www.bitcoincasinos.com\/blog\/2023\/05\/30\/nft-marketplaces-pay-out-nearly-2-billion-in-royalties-to-creators\/","title":{"rendered":"NFT Marketplaces Pay Out Nearly $2 Billion in Royalties to Creators"},"content":{"rendered":"
<\/a><\/p>\n The <\/span>Non-Fungible Token<\/span><\/a> (NFT) market has grown tremendously in the past few years, with more and more people turning to digital collectibles to invest and show off their creativity. As the industry continues to expand, one of the most critical questions is how much money creators make from these digital assets. <\/span>BitcoinCasinos.com<\/span><\/a> reports that NFT marketplaces have given creators nearly $2 billion in royalties during the last two years.<\/span><\/p>\n BitcoinCasino’s financial analyst Edith Reads commented on the findings saying,” Royalties are an invaluable part of the NFT space, and creators should take the time to understand how they work. Ultimately, royalties help ensure that creators are appropriately rewarded for their hard work and dedication to creating art in the NFT space.”<\/span><\/p>\n NFTs typically have 5% to 10% royalties, although many top projects are at 5%. However, not all marketplaces enforce royalties. At the end of 2022, OpenSea, the most popular NFT marketplace globally, caused a stir when it announced that it would eliminate royalties from current collections. However, creators expressed their displeasure and protested, prompting the platform to revise its initial announcement and pledge to uphold the payment of creator royalties.<\/span><\/p>\nPlatforms That Do Honor Creator Royalties<\/b><\/h2>\n