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Smart contracts are self-executing contracts with terms directly written into code. On NFT launchpads, smart contracts facilitate the automation of various processes, such as token sales, NFT transfers, and royalty distributions. They are important because they ensure transparency, security, and efficiency. Since smart contracts are immutable once deployed, they help build trust among users by reducing the risk of manipulation or fraud. Additionally, smart contracts enable the launchpad to operate without the need for intermediaries, which can lead to lower costs and faster transactions. When choosing a launchpad, it's crucial to ensure that their smart contracts have been audited for security and that they comply with relevant regulations.

source: https://www.blockchainappfactory.com/nft-launchpad-development-service