DeGods Solana NFT Collection Joins Zero Royalty Bandwagon Dec | NFT & Crypto Updates

DeGods Solana NFT Collection Joins Zero Royalty Bandwagon

Declaring the move its "next experiment," the NFT collection DeGods is the latest to institute a 0% royalty policy. Calling the move the best decision for its business, it effectively removes the collection from potential future legal actions relating to artist royalties. Non-fungible tokens, also known as NFTs, are cryptographically unique tokens linked. Prior to NFTs, the industry standard was to pay royalties to artists as a percentage of purchases on the secondary market. However, these follow-on sales were difficult to track—a problem that NFTs are well-positioned to solve. But recent moves by artists and NFT marketplaces have shown a desire to move away from this model. Top Ethereum NFT collection CryptoPunks.

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