What is the role of smart contracts in White Label NFT Marketplaces?

Smart contracts play a central role in White Label NFT Marketplaces. They are self-executing contracts with code that automatically enforces the terms of an NFT transaction. Smart contracts facilitate key functions, including NFT minting, transfers, and royalty distribution. They ensure transparency, trust, and accuracy in NFT transactions by automating processes, reducing the need for intermediaries, and providing an immutable ledger of transactions.

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