During the NFT creation process, Artists are able to add primary and secondary royalties to their NFT. Royalties enable artists to have access to passive income by future resales of their NFTs.
Primary Royalties allow artists to add a % to future NFT sales. If their NFTs resell in the future they can get a % on every sale.
Secondary Royalties have the same concept as primary royalties but allows to add a second wallet to get warranties. This can be used for record label, agent or other third party requiring commissions on sales.
Loud Market offers passive income opportunities
You can view an example NFT on our platform to view how to royalty shows on the platform.
Artists and buyers (if they are reselling) can list their NFTs for buy it now prices which enables a quick and easy sales solution. The is enabled for Single and Batch NFTs.
Auctions have been activated on the platform for Single NFTs only. This allows bids from buyers and a timed sale.
Offers can be activated on NFTs. If someone wants to buy an NFT but no one is selling and it is activated for offers then users are able to submit offers for the NFTs. If it is accepted then the LOUD tokens are swapped for the NFT via our smart contracts.
Loud market makes selling music NFTs quick and easy.
Customize the framework to match your small business processes using simple drag-and-drop.