- Research by Nansen revealed that royalties to NFT projects on Ethereum totaled 699,816 ETH.
- The lifetime NFT royalties are valued at $1.8 billion, with the majority of them paid out last year.
- The royalties witnessed a decline in 2023, despite NFT volumes similar to last year.
The total royalties paid out to NFT projects on Ethereum have reached 699,816 ETH, which is roughly $1.29 billion. Deranzxc, an analyst for on-chain analytics firm Nansen, shared his in-depth on-chain research into NFT royalties and other trends in the broader NFT market.
Nansen took to Twitter earlier to share the results of deranzxc’s on-chain research, which revealed that 699,816 ETH had been disbursed to NFT artists as royalties. According to Nansen, the conversion rate takes into account the price of Ether at the time of the NFTs’ sale, which values the lifetime royalties at a whopping $1.8 billion.
Of the total royalties, 25.9% or 181,252 ETH were paid in 2021. The majority of the royalties were disbursed last year, with more than 64% of the nearly 700,000 ETH paid out. The royalties paid in 2023 accounted for 9.4% of the lifetime amount.
According to Nansen, royalties r…
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