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The Role of Royalties in Driving Growth in the NFT Economy

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According to reports, Yat Siu, co founder of Animoca Brands, said, \”Royalties have helped drive the growth of the NFT economy, and all these innovations have oc

The Role of Royalties in Driving Growth in the NFT Economy

According to reports, Yat Siu, co founder of Animoca Brands, said, “Royalties have helped drive the growth of the NFT economy, and all these innovations have occurred because royalties can be collected.”

Animoca Co founder: Royalties make it possible for NFT projects to flourish

Analysis based on this information:


The world of NFTs (non-fungible tokens) has seen a significant surge in popularity in recent years. The use of blockchain technology to authenticate, buy, and sell unique digital assets has revolutionized how we perceive ownership of digital objects. This has created an entirely new industry that is rapidly growing, and according to Yat Siu, co-founder of Animoca Brands, royalties have played a crucial role in driving this growth.

Royalties refer to the payments made to the creators of NFTs every time their digital assets are sold or exchanged. They are a crucial incentive for artists, musicians, and other creators to participate in the NFT economy. In this way, royalties ensure that creators continue to produce high-quality NFTs, and users keep buying and trading them.

Yat Siu’s statement underlines the importance of royalties in driving growth in the NFT economy. It is an inherent feature of NFTs, and it incentivizes creators to create and users to buy. Since royalties are a percentage of every transaction, creators benefit from the growth of the NFT economy, as they continue to earn income for as long as their digital assets are sold or traded. The growth in the NFT economy has also opened up new business opportunities for blockchain developers, exchanges, and marketplaces that support the buying and selling of NFTs.

The innovation in the NFT economy is driven by the need to find new use-cases for NFTs and expand their utility. For instance, NFTs are now used for a wide variety of purposes that go beyond art, such as digital identity, gaming assets, and real-estate. These new use-cases, in turn, have created new revenue streams for creators and the platforms that support them.

In conclusion, the growth of the NFT economy has been driven by the role of royalties. It is an essential incentive for creators to produce high-quality digital assets and for users to continue to buy and trade them. The NFT economy is an innovative and evolving industry that presents significant opportunities for creators, investors, and developers. Royalties are the bedrock of this economy, and they will continue to drive its growth in the future.

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