Cryptocurrency Q&A
Do Ordinals have royalties?
Do Ordinals have royalties?
SsamziegangSerenadeMelody
Sun Jul 28 2024
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7 answers
1804
Excuse me, I'm a bit confused about the concept of royalties in the context of Ordinals. Could you please clarify if Ordinals, in the realm of cryptocurrency or blockchain technology, are subject to any form of royalties? Is there a specific mechanism or framework in place that dictates how royalties might be generated, distributed, or even enforced with regard to these digital assets? Additionally, are there any notable examples or use cases where royalties have been implemented with Ordinals, or is this notion perhaps more theoretical at this point?
7 answers
OpalSolitude
Tue Jul 30 2024
Ordinals operate on a decentralized model, which fundamentally distinguishes them from traditional NFT marketplaces. One of the key aspects of this model is the absence of royalties.
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CoinMaster
Mon Jul 29 2024
It's worth noting that while Ordinals may not charge royalties, they may still offer other services or fees related to the listing, trading, and management of digital assets.
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SarahWilliams
Mon Jul 29 2024
Royalties are often a significant component of transactions on other NFT platforms, with creators receiving a percentage of each subsequent sale of their work. However, Ordinals take a different approach.
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Paolo
Mon Jul 29 2024
By eschewing royalties, Ordinals emphasize the pure, transactional nature of digital assets. Buyers and sellers can engage in direct, unencumbered transactions, without the need to factor in additional fees or percentages.
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CryptoMaven
Mon Jul 29 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services that cater to the needs of digital asset traders and investors. These services include spot and futures trading, as well as a secure wallet for storing cryptocurrencies.
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