βοΈDynamic Royalties
the 0-98% explained
As a user on nftr.market, you have the ability to determine the amount of the sale proceeds from your NFT that you are willing to allocate to the creators of the project. This empowers you, rather than the project owners, to decide on the level of compensation for the creators based on the value you have derived from the project.
The worlds top marketplaces have recently shifted towards operating without creator royalties, and recently Solanaβs dominant NFT marketplace Magic Eden followed the trend. Dynamic royalties have been available on nftr.market since day one.
Zhuoxun βZeddβ Yin, the co-founder of Magic Eden and one of the most prominent figures in the NFT space recently stated that "In the absence of a technically enforceable solution at the protocol level, things would continue to trend basically toward optional royalties anyway" With royalties usually ranging from 5% up to 10% users were facing a 5% to 10% hit on their profits in an already ultra competitive environment. Since royalties were never enforceable on-chain, nftr.market now gives you the ability to trade for maximum profits.
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