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The plan to create new buildings and redesign the campus was delayed by two years during the pandemic, Rondeau mentioned, when attendance plummeted and the Art Institute, like many different museums, centered on cost-cutting measures quite than capital enhancements. NFT royalties are routinely paid to the creator on secondary gross sales, typically set between 5-10% of the sale price. Smart contracts enforce these royalties, guaranteeing artists continue to profit from their work’s appreciation over time. Creating NFT art entails fuel charges for minting on the blockchain, which vary based mostly on network congestion. Additional costs may include market listing charges…