Can NFT artists generate recurring income from their sold NFTs?

NFT artists have the potential to generate recurring income from their sold NFTs, but it ultimately depends on the terms of their contracts or agreements. While the initial sale of an NFT can result in a significant payout for artists, some contracts may include provisions for ongoing royalties. These royalties could be a percentage of subsequent sales or transfers of the NFT. Additionally, artists can also earn recurring income by creating a series of NFTs or regularly releasing new artwork that attracts buyers and collectors. Overall, the potential for recurring income from sold NFTs provides artists with an opportunity to leverage their digital art as a long-term revenue stream.

This mind map was published on 16 August 2023 and has been viewed 56 times.