Rapids NFT

The NFT Market is becoming an increasingly important part of the Cryptocurrency Universe. To date, the total market capitalization of NFTs is about $31.4 billion, making up 1.53% of the current $2.05 trillion total market cap for cryptocurrency.

Now Rapids Network is about to enter the NFT market, but far from everything you may know, Rapids is going to create a real upheaval in this business. Today, as our developers are currently introducing the Royalty System within RPDx, we are going to explore royalties and how they work with NFTs.

Rapids NFT

Firstly what is an NFT?!

An NFT, otherwise known as a Non-Fungible Token, is a financial asset defined by its own characteristics and which is not interchangeable. An NFT can take various forms:

Collector Card
Image
Artwork
SMS
Tweet
Video game item …

The fact that it is ‘Non-Fungible’ means that it is unique, and therefore cannot be replaced by another, nor can it be fragmented into several parts.

Some examples:

A 1$ Note is Fungible because it can be replaced by 100 coins of 1 cts
A Ton of Wheat is Fungible, because it can be sold in retail, and in different weights.
A Work of Art, is Non-Fungible because it is unique, and can never be replaced with an identical one
A Ticket is Non-Fungible, because it contains unique information (ticket number and identifier, your name, your seat, your reservation reference…)

As soon as a creator sells their NFT, they get the exchanged asset from the sale, which is normal you will say, they also transfer the right of ownership to the buyer, and has nothing more to say about the future or the price of the NFT but what if they could still earn from their creation forever… Now they can, by introducing Royalties the creator carries on earning from each sale after the initial sale of their creation.

How do NFT Royalties work?

Traditionally after the first sale, the creator does not have anyway to track the subsequent transactions of their work. Once they had sold that’s all their earning would be. Regardless of how their fame has increased over the years, they do not stand to gain anything from the work once they had sold.

NFTs have brought in the opportunities to change this completely. Creators can have their fair share of the sales from their creations for perpetuity.

NFT royalties are automatic payouts to the creator made on secondary sales. These are coded into the smart contract on the blockchain. The Rapids blockchain and its smart contracts work together to ensure that the creator is identified and the royalty payments are made immediately after the sale transaction is over. This removes any chance of the creator being cheated out of their royalties.

Rapids NFT

How Royalties will look on the Rapids Blockchain; From the creation - minting - initial sale and secondary sales including any royalties that are set in the smart contract being paid to creator.

More about Smart Contracts?

A smart contract is a computer protocol whose operating rules and predefined instructions are written on the Blockchain. The entire process and transactions are automated, transparent and available for anyone to view on the Rapids Explorer.

Here are some interesting facts:

Bitcoin entered on the market in January 2009
The first NFT to be sold was ‘Quantum’ by Kevin McCoy in 2014
The term NFT appeared in 2017

Some of the most expensive NFT sold (to date):

Everydays: The First 5000 Days - Beeple → $69.3m
Clock - Pak & Julian Assange → $52.7m
Human One - Beeple → $28.99m
CryptoPunk #5822 → $23m
CryptoPunk #7523 → $11.75m

Conclusion

Do you have a creation and want to leave your mark, your name in history? Join Rapids and be among the first to take advantage of this new opportunity. Rapids is doing everything possible to help you take advantage of the best that Blockchain has to offer. NFTs can be anything from digital art to tickets and sports highlights videos, and they can be sold for thousands or millions of dollars. The Rapids blockchain will allow NFTs to integrate royalties, whereby payments are made direct to the creator, every time their work is being bought.

I'm currently under contract with Rapids Network, which gives me the right to publish, republish, on their behalf, articles first published on Rapids Network/Medium.

Rapids Network

Notice many "new users" on Hive? Not many, like this place is a disease. No outside communities bringing in new comers. No other sites having many links or no links to any articles from Hive on sites that show professional interests they view as noteworthy to a profession or hobby. Hive articeles are rare on reddit.com. Wouldnt people post on reddit.com with links to their articles attracting their own new following and groups? No crypto forums acknowledge Hive exists as a place to be either. Ever seen a person asking for support show a way to give support with HIVE listed as a supporting wallet address? Is there a world address on Hive for countries made more unfortunate because of Hive? Would a large Hive holder or large earner of Hive donate a LARGE amount of Hive to help support Ukraine? What? Support something thing that could attract unwanted media attention? Nothing to see here......I dont get out much though.

People are hiding exposure to Hive. People either play dumb, could be scared or intimidated, mislead or dont beilieve it. Maybe just not electronically cultured enough to know. Who knows. Its mostly fake with fake attention paid for by people with ill intentions as many do gloating in their own groups special mindset. Such a small town here to support this kind of high pay. Who is buying Hive tokens with no notable new user base coming in? People trying to buy this place as a grooming ground on the sly. Articles that arent in the interests of their own goals and views dont get much attention. I dont see many high paid articles I would put on a real news sites or link to as noteworthy. Be part of one of their groups and they groom you. They buy comment and article writers in ways that keep their lies hidden. Here to take our FREEDOMS completely in treason as the sacks of shit they are.

Most interest groups and businesses have discord rooms on the side because they wont talk here or more able to teach views there to shill out of public view. They can do odd stuff to you in discord rooms they cant do here. I’ve seen people get mugged and shaken down in discords, be careful while visiting new discords, even if they are a business. They shut down the discord room along with all of the evidence of their crimes the group around @fyrstikken and his discord server @steemspeak. They also hide behind skirts there while on the creep like they do in the new ones they are in.

The operators doing V2K with remote neural monitoring want me to believe this lady @battleaxe is an operator. She is involved in the same discord groups around @fyrstikken and friends. Her discord is Battleaxe#1003. Shes in some groups with seemingly detached characters that dont even acknowledge the others in the group, looking oddly staged. She starts projects and does nothing with it or the delegations after its used to sway people. Like @steempowertwins does<------fake along with her @teamgood <------fake. No substance in her comments and has a following that adores her for what? Life coach she is not nor is she insightful with any meaningful skills to follow. Ruler of pixie dust maybe? I would like for someone to show me but probably wont out fear maybe? @fyrstikken groups around him down voted me into censored and not viewable on my accounts as soon I told what they were doing.

I cant prove @battleaxe is the one directly doing the V2K and RNM. Doing it requires more than one person at the least. It cant be done alone. She cant prove she is not one of the ones doing V2K because she cant and could care less. I guarantee she knows this is going around and still wont prove it because she cant. Many of us here can prove what they have been doing to survive the past 5 years. What does she live off of? It definitely isnt in public view here.

I was drugged in my home covertly, it ended badly. They have been trying to kill me using RNM with applied V2K mental games while revealing as many accessories to the crime as they can. I bet nobody does anything at all. Ask @battleaxe to prove it. I bet she wont. Pretty serious accusations to just blow off and leave the crypto community hanging in fear of this danger.

They want me to believe the V2K and RNM in me is being broadcast from her location. And what the fuck is "HOMELAND SECURITY" doing about this shit? I think stumbling over their own dicks maybe? Just like they did and are doing with the Havana Syndrome. They should start by looking at the communications between the top witnesses of Hive and the connection to @fyrstikken groups. Google his fucking name and see where his other interests lie around at least once maybe? The connections between @fyrstikken groups and all the exchanges built for Hive? Bet that would reveal some crazy ball less nutty shit. Homeland security should start preparing for their own incarcerations seeing how sloppy this was done. Patriot act my ass. Think we are really fools? Bad position your not getting out of. Dont be last to blow the whistle. Who will protect you?

People in and around @fyrstikkens groups are reckless and should have shown the proper media what they had before taking me hostage for 5 long torturing years and counting. That is a long time to wait for someone to die.

What would you say while having a gun pointed at your head from an undisclosed location? Have people find it? My hands are tied while they play like children with a gun to my head. Its a terrorist act on American soil while some yawn and say its not real or Im a mental case. Many know its real. This is an ignored detrimental to humanity domestic threat. Ask informed soldiers in the American military what their oath is and why nothing is being done. Nobody has I guess. Maybe someone told ill informed soldiers they cant protect America from military leaders in control that have ill intent. How do we protect locked up soldiers prevented from telling the truth from being treated as criminals? Not to mention civilians we let our leaders treat the same way. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism-terrorism

Rapids Royalties…

Firstly what is an NFT?!

How do NFT Royalties work?

More about Smart Contracts?

Conclusion