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[Solved] How To Recieve Payment For Sold Membership As NFT With Unlock Protocol

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EXERCISE: :
i. Watch the above lesson video and also read through the recommended resources. Then, answer the following questions

ii. How To Recieve Payment For Sold Membership As NFT With Unlock Protocol?
(Also, share your first time experience trying this out too)

iii. Summarize in your own word in this forum below:
(NOTE: please, don't just copy-paste from other students - instead answer in your own word based on your level of understanding the lesson and resources)

 

 

NOTE:

This Is An Exercise From Our FREE COURSE with CERTIFICATION:

 Unlock Protocol 101 Course

(If you have not enrolled yet, you can join the course totally for FREE).

 

1 Answer
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How To Recieve/Withdraw Payment For Sold Membership As NFT With Unlock Protocol?

- Unlock protocol KEYs sales are decentralized, secured, and not controlled by anyone, entity or organization
(just your deployed Lock Smart Contract on the Blockchain that receives and hold the funds for you each time someone purchases your KEY)

- You can withdraw your earnings for all Keys sold at any point in time free

- You follow the lesson video guide in this course to request a withdrawal

- Your Withdrawal is processed instantly and by your Lock Smart contract

- No waiting, no third-party or giant payment processor companies in between (not even unlock Protocol DAO and Team)

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