• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

Stack Sats by Gaming: 7 Free Bitcoin Apps You Can Download Now

2025-07-29

Really Bad Reasons Not To Buy Bitcoin

2025-07-28

Bitcoin and Ethereum Are About To Have A Monumental Week

2025-07-28

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    2025-07-25

    What Is Copy Trading in Crypto? A Beginner’s Guide

    2025-07-10

    A Step-by-Step Guide for Risk-Takers

    2025-07-09

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    2025-07-09

    How It Works and What to Watch Out For

    2025-07-09
  • Videos

    Stack Sats by Gaming: 7 Free Bitcoin Apps You Can Download Now

    2025-07-29

    Really Bad Reasons Not To Buy Bitcoin

    2025-07-28

    Bitcoin and Ethereum Are About To Have A Monumental Week

    2025-07-28

    Crypto Bulls Are Back – Don’t Miss This Run

    2025-07-27

    🚀 Financial Freedom Doesn’t Wait ⏳💰

    2025-07-27
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Metaverse»Supporting the Creator Economy: The Sandbox’s Move for NFT Royalties
Metaverse

Supporting the Creator Economy: The Sandbox’s Move for NFT Royalties

2023-12-18No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Supporting the Creator Economy: The Sandbox’s Move for NFT Royalties
Share
Facebook Twitter LinkedIn Pinterest Email

NFT royalties are reshaping how creators benefit financially from their work, transitioning them from one-time sales to sustained earnings. The Sandbox has embraced this concept, innovating its marketplace to facilitate a fair and automatic redistribution of royalties.

The Mechanics of NFT Royalties

When an NFT is minted, creators set a royalty percentage, entitling them to a portion of the sales from any future resale of the NFT. This mechanism protects the creator’s intellectual property rights and ensures ongoing compensation. While some platforms have integrated royalty systems, others rely on optional royalty payments, and some don’t enforce royalties at all, leaving creators without any secondary market earnings.

Source The Sandbox

Implementing a Fair Royalty System at The Sandbox

At The Sandbox, the philosophy revolves around supporting a global creator economy by redistributing a portion of secondary market royalties back to the original NFT creators. This approach aims to foster long-term monetization for creators’ works. The Sandbox team has developed an internal solution that automatically redirects part of the ASSET‘s secondary market royalties to the original creator’s wallet. Launched on December 14, 2023, this feature aims to ensure that creators benefit directly from secondary sales of their assets.

Royalty Redistribution on The Sandbox Marketplace

In The Sandbox, ‘ASSETs’ are voxel assets intended to add content to various experiences, including games developed on LANDs. Besides their functional use, ASSETs can be collected, monetized, and traded.

Until now, The Sandbox has received a 5% royalty from secondary sales of ASSETs. With the upcoming feature, these royalties will be split equally between The Sandbox and the original NFT creator, each receiving 2.5%. This change automatically ensures that creators receive their fair share of secondary market sales. The mechanism will also be compatible with other marketplaces that adopt the ERC-2981 standard, with this accessibility planned for 2024, according to the Sandbox.

See also  Netflix, Decentraland Partner To Bring 'The Gray Man' To The Metaverse

Creators utilizing The Sandbox Marketplace can have confidence that secondary market royalties will be reliably enforced and directly deposited into their wallets. This development by The Sandbox represents another stride in ensuring fair compensation for creators in the NFT marketplace. By facilitating an automatic and equitable redistribution of royalties, The Sandbox sets a precedent for how platforms can support their creator communities in the evolving digital art and assets world.

Creator economy Move NFT Royalties Sandboxs Supporting
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Altseason Ignites: Bitcoin Inflows, ETH Flip, and Saylor’s Bold Move

2025-07-22

Watch Out! BTC Whales on the Move: Bitcoin’s Next Leg, RWAs & More!

2025-07-07

🤖 Tesla’s Next Move Will Change the World Forever ⚡️🌐

2025-06-20

The U.S. Economy Is BAD!

2025-06-19
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Scams

IRS Official Anticipates More Crypto Cases Amid Uptick in Tax Violations, Says Public-Private Partnerships Critical

2024-04-14

A high-ranking member of the Internal Revenue Service (IRS) says that he is anticipating more…

NFT

Is Ethereum Or Polygon The Right New Home For DeGods And y00ts?

2023-04-03

NFT The DeGods NFT community has caused quite a stir in the NFT realm. After…

Blockchain

Coinbase’s Layer 2 Base Sees Impressive Uptick in Token Holders But There’s More to the Story

2023-11-01

Coinbase launched Base as an Ethereum layer-2 network earlier this year, marking a milestone as…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

Stack Sats by Gaming: 7 Free Bitcoin Apps You Can Download Now

2025-07-29

Really Bad Reasons Not To Buy Bitcoin

2025-07-28

Bitcoin and Ethereum Are About To Have A Monumental Week

2025-07-28

Crypto Bulls Are Back – Don’t Miss This Run

2025-07-27
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 117,808.56
ethereum
Ethereum (ETH) $ 3,797.25
xrp
XRP (XRP) $ 3.14
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 789.95
solana
Solana (SOL) $ 178.61
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 3,793.69
dogecoin
Dogecoin (DOGE) $ 0.22106
tron
TRON (TRX) $ 0.326042
bitcoin
Bitcoin (BTC) $ 117,808.56
ethereum
Ethereum (ETH) $ 3,797.25
xrp
XRP (XRP) $ 3.14
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 789.95
solana
Solana (SOL) $ 178.61
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 3,793.69
dogecoin
Dogecoin (DOGE) $ 0.22106
tron
TRON (TRX) $ 0.326042