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.
Pay attention:
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