NFT Royalty Distribution
Theory and implementation of royalty fee distribution
Non-fungible tokens (NFTs) are a type of digital asset that represent ownership of a unique item or piece of content. In some cases, NFTs may include royalty distributions for the creator or owner of the asset, and royalties can be an important source of income for web 3 projects.
There are several ways that royalty distributions for NFTs can be implemented. One common approach is to include a smart contract with the NFT that specifies the terms of the royalty distribution. For example, the contract might specify that a certain percentage of the sale price of the NFT is paid to the creator or owner as a royalty.
When an NFT is sold, the smart contract can automatically execute the royalty distribution based on the terms specified in the contract. The royalty payment can be made in the form of the cryptocurrency used to purchase the NFT, or it can be paid in a different cryptocurrency or even fiat currency.
Mirror World Smart NFT creation system allow creators to distrubute royalty fees without worrying about smart contracts.
Read the detailed guide here: https://docs.mirrorworld.fun/guides/how-to-manage-solana-nft-royalties
It is important to note that the specifics of NFT royalty distributions can vary widely depending on the terms of the contract and the platform on which the NFT is being sold. It is always a good idea to carefully review the terms of an NFT and its associated smart contract before making a purchase.
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