DeGods Updated 0% Royalties For Biggest NFT Projects
Degods – the #1 NFT community in Solana with the ambition of the biggest NFT projects in the world – has updated its new project royalties on its Twitter account – next Y00ts.
At the time of this writing, Degods has updated the metadata of its collection royalties from 9.99% to 0%. Next in the new update process is y00tsNFT (t00bs). This is the collection of 15.000 NFTs that provide the places for users to make their PFPs, with layers of metadata of unique characteristics.
According to the y00ts paper, “Each collection would have its own ⓨ registry, where it’s easy to track who’s approved to be using the NFT’s IP. This allows projects to approve & reject usage requests at Web3 speed.”
NFT royalties provide the sale prices of NFT collections in the marketplace. That payments are perpetual and automatically processed by smart contracts with a percentage of 5-10%.
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