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"If you sell your NFT art for $10 and then someone resells it for $1M, you will get some percentage of the $1M."

Is this actually a feature of NFTs?

At least on hicetnunc (art focus) it is. You can set your royalties to 10-25 percent of future sales.

If you set your royalty to 25%, meaning that a million dollar sale will have to burn off $250k to you, that million dollar sale will NEVER EVER EVER happen.

Think of it like a processing fee making the platform completely unworkable. Nobody will ever deal with that kind of inefficiency unless they are doing something so desperately illegal that they'd willingly pay that much for the money laundering.

And there's bound to be more efficient ways to money launder. Nope. The artist royalty promise is a pure con.

On most platforms, yes, and its part of the appeal.

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