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flowless | 4 years ago

Nothing. Creators are getting paid because NFTs are associated with their brand, not just magically having a value because you minted one.

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elevader|4 years ago

But creators aren't actually paid anything if the NFT is sold by somebody else, which seems to happen quite a lot (at least according to twitter).

flowless|4 years ago

Typically they get paid the initial listing sum of the auction (at least) and what happens on secondary market is not their concern, similar to classic art pieces.

Royalties can be a thing provided NFTs are traded using a smart contract that pays royalties to the creator but it's not that common since artists are compensated well enough by the first approach and don't need to milk secondary market trades.

twox2|4 years ago

On stolen content no, but if you re-sell the NFT you bought from me, I get a royalty. That's part of the appeal for creators.

twox2|4 years ago

Correct!