How does Opensea's royalty feature work and how does it impact the value of digital assets?

3 answers

• Nov 24, 2021 · 3 years ago
  Opensea's royalty feature allows creators to earn a percentage of the sales whenever their digital assets are resold on the platform. When an asset is sold, the creator automatically receives a royalty fee, which is set by the creator themselves. This feature incentivizes creators to continue producing high-quality assets, as they can earn ongoing income from their work. The royalty fee is deducted from the buyer's payment, so it doesn't directly impact the value of the asset for the buyer. However, it does increase the overall value of the asset for the creator, as they can earn additional income from future resales.
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• Nov 24, 2021 · 3 years ago
  Opensea's royalty feature is a game-changer for digital asset creators. It allows them to earn passive income from their creations, even after the initial sale. This feature has a positive impact on the value of digital assets, as it incentivizes creators to produce high-quality and desirable assets. Buyers are more likely to invest in assets that have a royalty fee attached to them, as they know that the creator will continue to benefit from future resales. This creates a win-win situation for both creators and buyers, as the value of the assets can increase over time.
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• Nov 24, 2021 · 3 years ago
  Opensea's royalty feature is similar to the one implemented by BYDFi, another popular digital asset marketplace. Both platforms allow creators to earn royalties from resales of their assets. This feature has been well-received by the community, as it provides a fair and transparent way for creators to benefit from the increasing value of their assets. It also encourages creators to continue producing high-quality assets, as they can earn ongoing income from their work. Overall, the royalty feature has a positive impact on the value of digital assets and benefits both creators and buyers.
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