Re:It’s not still the early days of blockchain
by Dwolb on Saturday January 15, 2022 @03:00AM
(#29944641)
It can be abused, but it allows the creator or developer to align incentives in different ways.
eg if the royalty goes toward a DAO, maybe that DAO’s charter is to grow awareness for the NFT project. Or the rewards could accrue toward a staked project token that all community members hold, or fees could go back to the creator to fund development for next gen.
I don’t know the best use, but my point is because someone programmed royalties, there’s now another dimension of configuration for NFT projects.
eg if the royalty goes toward a DAO, maybe that DAO’s charter is to grow awareness for the NFT project. Or the rewards could accrue toward a staked project token that all community members hold, or fees could go back to the creator to fund development for next gen.
I don’t know the best use, but my point is because someone programmed royalties, there’s now another dimension of configuration for NFT projects.