I think the idea is that a lot of these come with publishing contracts built in so the artist receives a royalty if the token changes hands and the current owner has the rights to license the art.
For example if I sell you a song as an nft you could then license the song to Budweiser to use in a commercial and we both get paid. Think about how difficult this would be to arrange without the nft to handle the contract.
Song publishing seems like a bad example here — it’s insanely easy to make that arrangement in practice because there is an existing real world payment / licensing structure for exactly that transaction.
> I think the idea is that a lot of these come with publishing contracts built in so the artist receives a royalty if the token changes hands and the current owner has the rights to license the art.
I've not seen a single NFT that comes with an associated copyright license to the underlying work.
Additionally, the artist only receives a royalty if the token is sold on these marketplaces that enforce the royalty. There's no such thing preventing a private sale that doesn't pay it.
For example if I sell you a song as an nft you could then license the song to Budweiser to use in a commercial and we both get paid. Think about how difficult this would be to arrange without the nft to handle the contract.