Whenever an artist's work is sold,
An artist is a concept that permanently receives 0% to 10% of the transaction amount.
Royalty can be set at the time of registration of works.
You can receive the set royalty to the wallet of your account.
When selling works, a 1% fee is charged for each seller and buyer.
- Manage Membership Information.
It is an abbreviation of Non-Fungible Token, meaning non-fungible tokens.
By storing the ownership of digital files such as pictures and videos on the block chain, it is made impossible for forgery and tampering, so that it is permanently preserved, and the ownership can be verified in a decentralized form.
It can be said that tokens made with blockchain technology are attached as tags to digital files and assets such as pictures and videos.
For digital assets tagged as NFT, the owner and transaction history of the work are recorded with blockchain technology, and due to the nature of the technology, no one can tamper with it.
Even if the same digital file is duplicated with NFT, it is distinguished from the original generated by NFT first because it is a tag that is different from the existing NFT.