SpaceBoysNFTs Phase 1 Technical Paper
  • Introduction
    • Start here
      • How to use Metamask Guide
      • A Beginner’s Guide to OpenSea
    • What is a SpaceBoysNFT?
      • What is an NFT?
        • How do NFTs work?
        • Example of NFTs
    • Origins
    • Project Goals
    • Meet the Community TEAM!
  • SpaceMap
    • SpaceMap
    • A. MoonRocks & (Unknown Items)
    • B. NFTX
      • SpaceX: More Info
    • C. SpaceCity (NFT Worlds)
    • D. Community Events / Community Projects
    • E. StarBase by Spaceboys
    • F. Gaming Partnerships
    • G. Charity
    • H. Metaverse(s)
    • !!!WORMHOLE!!!
    • I. Return to Base/Home [End of Phase 1]
    • PHASE 2
  • Other Important Info
    • SpaceAliensNFT
    • Collection Data
    • Royalties and Income Flow
    • SpaceBoysHQ
    • Glossary
      • Airdrop
      • Blockchain
      • Blue chip
      • Bot
      • Burn / Burning
      • Decentralized Apps (dApps)
      • Decentralized Autonomous Organization (DAO)
      • DEX
      • Decentralized Finance (De-Fi)
      • Derivative
      • Dutch Auction
      • Fractional Ownership
      • GAS
      • Governance Tokens
      • Gwei
      • Hashrate
      • InterPlanetary Filing System
      • KYC
      • Layer 2
      • Liquidity Pool
      • Metadata
      • Minting
      • Multi-Sig
      • Non-custodial wallet
      • Oracle
      • Peer to Peer (p2p)
      • Proof of Stake (PoS
      • Proof of Work (PoW)
      • Royalties
      • Satoshi
      • Smart Contracts
      • Snapshot
      • Staking
      • WEB 3.0
      • Whitelist
      • Whitepaper
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  1. Other Important Info
  2. Glossary

Royalties

Money earned by an NFT creator through the token’s resale. Some NFTs automatically pay these commission each time an NFT is traded. An NFT can also be hardcoded to pay an artist royalties forever, which is a desirable use case that has the potential to reshape the music industry.

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Last updated 3 years ago