Rapids Royalties…

Firstly what is an NFT?!

  • Collector Card
  • Image
  • Artwork
  • SMS
  • Tweet
  • Video game item
  • A 1$ Note is Fungible because it can be replaced by 100 coins of 1 cts
  • A Ton of Wheat is Fungible, because it can be sold in retail, and in different weights.
  • A Work of Art, is Non-Fungible because it is unique, and can never be replaced with an identical one
  • A Ticket is Non-Fungible, because it contains unique information (ticket number and identifier, your name, your seat, your reservation reference…)

How do NFT Royalties work?

How Royalties will look on the Rapids Blockchain; From the creation - minting - initial sale and secondary sales including any royalties that are set in the smart contract being paid to creator.
  • Bitcoin entered on the market in January 2009
  • The first NFT to be sold was ‘Quantum’ by Kevin McCoy in 2014
  • The term NFT appeared in 2017
  • Everydays: The First 5000 Days - Beeple → $69.3m
  • Clock — Pak & Julian Assange → $52.7m
  • Human One — Beeple → $28.99m
  • CryptoPunk #5822 → $23m
  • CryptoPunk #7523 → $11.75m

Conclusion

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Decentralised Blockchain At Your Fingertips ©️ Developing an ecosystem for global adoption… Deploy, Trade, Crowdfund your digital assets #NFTs #BAYF #LinkShare

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Rapids Network

Rapids Network

Decentralised Blockchain At Your Fingertips ©️ Developing an ecosystem for global adoption… Deploy, Trade, Crowdfund your digital assets #NFTs #BAYF #LinkShare

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