QualityNFT – Where "Content Providers" are "Royalty"! Multiple Co-Creators can collect Royalties on follow-on sales of their NFT!! Click on "Buy Now" to veiw our Collection!

Royalties

Royalty payment distribution hasn’t changed much over the past 50 years: the systems for managing payment information are out of date; payments are often delayed or lost; payees have no control over how they receive their earnings. In an industry burgeoning with creativity, few organizations have implemented a royalty payment process that puts artists first—and that needs to change. QualityNFT has the solution!

Change is needed

                    – by Justin Butler | May 30, 2018, | Hyperwallet 

According to a 2015 report by Berklee, the institute for contemporary music and performing arts, anywhere from 20 to 50% of music royalty payments never reach their intended recipient. That is – in part – because of the antiquated processes still used to distribute payments. Music and media organizations typically send royalty checks using the contact information provided by an artist at the time of signing, which might have been decades ago. When that information is outdated (say, because it’s so difficult to update with the paying company), the payment is often returned. If the music organization doesn’t have the resources to chase down payees, the royalties can accrue unclaimed for years.

Content refers to intangible materials that contain cultural information and anecdotes such as text, sound, images, videos, and games that can be consumed with Internet-based media devices. The present is truly the ‘era of content’. Since the COVID-19 pandemic, the content market has expanded more rapidly than ever, and non-face-to-face content consumption has become not only convenient but an integral part of consumers’ lives. But royalty distributions have not kept up with this change. 

                         

  Why choose QualityNFT?

“QualityNFT” is an NFT content platform that provides affordable high-quality NFTs produced by well-known and unknown artists; to everyone, using decentralized blockchain technology, combined with our newly developed Smart Royalty Contract. QualityNFT was formed to create a platform ecosystem where Content Creators can receive recognition, equitable compensation, and royalties, while consumers can enjoy a diverse variety of content, at an affordable price. We will focus on Emerging Markets and Underserved Communities. Sharing education, knowledge, and understanding about the Decentralized NFT/Crypto space.