What is the royalty fee for owning a Bored Ape NFT?

5 answers

• Feb 18, 2022 · 3 years ago
  The royalty fee for owning a Bored Ape NFT is a percentage of the resale price that the original creator of the NFT receives whenever it is sold. This fee is built into the smart contract of the NFT and is automatically transferred to the creator's wallet upon each resale. The specific percentage can vary depending on the NFT project, but it is typically around 2.5% to 10% of the resale price. This royalty fee is a way for creators to continue to benefit from the increasing value of their NFTs even after the initial sale.
  527264
• Feb 18, 2022 · 3 years ago
  When you own a Bored Ape NFT, you not only own a unique digital artwork but also a share of the future sales. The royalty fee is a mechanism that ensures the original creators receive a portion of the profits whenever their NFT is resold. It's a win-win situation for both the creators and the collectors, as it incentivizes creators to continue producing high-quality NFTs and rewards collectors for investing in valuable digital assets.
  438146
• Feb 18, 2022 · 3 years ago
  The royalty fee for owning a Bored Ape NFT is an innovative feature that sets it apart from other NFTs. Unlike traditional art, where artists often don't benefit from the increasing value of their work after the initial sale, Bored Ape NFT creators receive a percentage of the resale price every time their NFT is sold. This ensures that the creators are fairly compensated for their contribution to the NFT's value and encourages a sustainable ecosystem for digital art.
  471118
• Feb 18, 2022 · 3 years ago
  As an expert in the field, I can tell you that the royalty fee for owning a Bored Ape NFT is a game-changer. It's a way for creators to earn ongoing income from their NFTs and provides collectors with the assurance that their investment will continue to support the original creators. The specific royalty fee percentage varies depending on the project, but it's generally a small percentage of the resale price. This fee structure helps to maintain the value and integrity of the Bored Ape NFT ecosystem.
  505101
• Feb 18, 2022 · 3 years ago
  BYDFi, a leading digital asset exchange, offers a wide range of NFTs, including Bored Ape NFTs. When it comes to the royalty fee for owning a Bored Ape NFT, it is an important aspect to consider. The royalty fee ensures that the original creators receive a fair share of the profits whenever their NFT is resold. This fee is automatically deducted from the resale price and transferred to the creator's wallet. The specific percentage may vary depending on the project, so it's always a good idea to check the details before making a purchase.
  54391