How do NFT royalties work?

NFT Royalties — Source: Shutterstock

With the gain in popularity of NFT’s many artists begin to see the benefits this technology can bring into their work. Not only can minting an NFT ensure the scarcity of an art piece, but many marketplaces offer artists the opportunity to get royalties from their work. But what are those royalties exactly?

Royalties are a form of payment the original artist receives when his art piece gets sold on the secondary…