What’s Good Fiddy Fam?! I hope you're all doing fantastic today!
I hope this email finds you well and ready to dive into another exciting episode of our YouTube series: BLOCKCHAIN BREAKDOWN! In this week's video, we're tackling the term that's been buzzing all over the NFT and Web3 space – smart contracts. As always, I'm your host Raven Trammell, aka Raven50mm, your friendly neighborhood photographer and co-founder of 50MM Collective. Now, let's break it down!
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So, without further ado, let's dive right into the key takeaways from this mind-blowing episode:
1. Understand the Concept: Raven breaks down the term "royalties" and explains how artists and creators earn money even after their NFTs are sold.
2. The Digital Collectible Angle: Discover how NFTs can be resold or traded, giving artists the opportunity to earn a percentage of each subsequent sale.
3. Financial Benefits for Artists: Learn why royalties are one of the major perks of the NFT space and what attracted artists, like Raven herself, to get involved.
4. Exploring the Possibilities: Gain insights into the potential impact royalties can have on the careers and financial stability of artists in the digital age.
5. Crowdsourcing the Next Term: Take part in our community by dropping your questions and suggesting the next Web3 term you'd like to see Raven breakdown in the comments section.
Fun Fact from the Episode: Did you know that some artists have earned staggering amounts from secondary sales of their NFTs? It's incredible how this technology is reshaping the art industry!
We hope you found these highlights intriguing and informative. If you want to dive deeper into the world of royalties in NFTs, make sure to watch the full episode on our YouTube channel, Blockchain Breakdown.
Before we wrap up, don't forget to stay connected with us on social media for all the latest updates, behind-the-scenes peeks, and engaging conversations. Let's grow together as a community and keep breaking down the complexities of the blockchain world. Stay tuned for our upcoming episodes as we continue to unravel the mysteries of the NFT and web three universe.
Remember, knowledge is power, and together we're strengthening our foundation in this groundbreaking space.
Keep shining bright, stay blessed, and catch you all in the next video!
Warm regards,
Raven Trammell Host - Blockchain Breakdown
Watch the full episode on ROYALTIES / SECONDARY SALES in NFTs on our YouTube channel!
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Want to learn how to get started with NFTs? Check out the eBook: https://www.50mmcollective.com/onchainguide
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50mm Collective’s Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
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