What role do smart contracts play in automating royalty distribution on NFT music platforms?

[auroragrace]

Smart contracts facilitate automatic, transparent royalty distribution based on predefined rules. This eliminates intermediaries, ensuring fair compensation for artists and enhancing efficiency in the NFT music marketplace ecosystem.

source: https://www.blockchainappfactory.com/nft-music-marketplace-development

 

[Chichi23]

Smart contracts play a crucial role in automating royalty distribution on NFT music platforms by executing predefined rules and conditions embedded in the contract code. These contracts automatically and transparently distribute royalties to artists and stakeholders based on factors such as sales, streaming, or usage data, eliminating the need for intermediaries