Secondary Sales from #nftart

in #leofinance4 years ago (edited)

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Pay attention:
SellerA sold an #nftart for 69 million dollars to buyerA. IF BuyerA resells that art for 70 million dollars to buyerB. BuyerA profits 1 million dollars. SellerA gets royalty. Lets say SellerA gets 10% royalties from buyerA. SellerA gets 7 million dollars from secondary sales. If buyerB resells it for 80 million then sellerA gets another 8 million dollars. BuyerC resells for 200 million dollars, SellerA gets another 28 million dollars. guess what !!! this continues forever. SellerA gets royalties off secondary sales forever, everytime. Isn't that a great way to #invest ? #investment off #art

https://www.forbes.com/sites/abrambrown/2021/03/11/beeple-art-sells-for-693-million-becoming-most-expensive-nft-ever/?sh=69a50a642448

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and each buyer gets secondary sales. that adds up.