Royalties Reborn: Polygon Guarantees Instant and Automatic Payments for Digital Artists
A major pain point for digital artists and music producers is the slow, opaque, and costly process of receiving royalties from secondary sales of their work. Polygon makes automated royalty payments economically viable.
Example Application: An independent artist sells an NFT artwork on a platform powered by Polygon. When the NFT is resold a year later, the smart contract automatically calculates and distributes the creator's royalty fee (e.g., 5% of the sale price) directly to the artist's wallet within seconds, with minimal transaction fees. The practical benefit is a fair, transparent, and instant compensation system that bypasses legal and banking intermediaries, strengthening the creator economy.@Polygon #Polygon $POL