How do smart contracts enhance functionality of NFTs?

Smart contracts play a crucial role in NFT development services by automating and enforcing transactions and agreements between buyers, sellers, and creators. These self-executing contracts are programmed with predefined conditions and actions, ensuring transparency, security, and efficiency throughout the lifecycle of an NFT. Smart contracts enable features such as royalty payments, secondary sales royalties, and automated licensing agreements, empowering creators and investors with greater control and flexibility over their digital assets.

source: www.blockchainappfactory.com/nft-development-services