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"Not only that, but NFTs are written into the blockchain so that 10% of every sale is kicked up to its previous owners."

Is this accurate? I have never heard this before. I've read some discussions about royalties for artist-created NFTs (a % of each sale that goes only to the original creator, not previous owners.)

I generally agree with your take but if 10% of every NFT sale was going to kickbacks that would be truly insane.

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