The ability to support royalty payments is a clear and enticing feature of Non-Fungible Tokens (NFTs). NFT royalty payments are permanent and are executed automatically using smart contracts. If a royalty rate is set, the smart contract ensures that the terms of the NFT is fulfilled and the original owner of this digital asset is paid a percentage of the sale price. It is not uncommon for marketplaces to allow artistes determine their royalty percentages at the time of minting the work.

Introduction