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A comment on It’s not still the early days of blockchain. Parent comment

Re:It’s not still the early days of blockchain by lottin on Saturday January 15, 2022 @07:17AM (#29945803)
That's not example of something NFTs can do, is it? Royalty fees are not programmable. How does the NFT know whether someone has to pay royalties? And how on earth is an NFT going to make people pay royalties? An NFT can't use coercive force.
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Re:It’s not still the early days of blockchain by Dwolb on Saturday January 15, 2022 @08:28AM (#29946173)
It’s marketplace-specific right now but the standards are evolving to support it natively: https://www.gemini.com/blog/exploring-the-nft-royalty-standa...
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Re:It’s not still the early days of blockchain by lottin on Saturday January 15, 2022 @09:14AM (#29946475)
The linked article talks about implementing a tax on re-sales of NFTs. It says nothing about royalty fees.
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Re:It’s not still the early days of blockchain by Dwolb on Saturday January 15, 2022 @09:28AM (#29946602)
We might not be aligned on the definitions.

“EIP-2981 is a standard that focuses on signalling to market participants the royalty payment information for a given NFT or set of NFTs.”

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Re:It’s not still the early days of blockchain by lottin on Saturday January 15, 2022 @10:40AM (#29947151)
I don't know what this means. Let's say I own the copyright of a musical composition, and I sell a license to a film producer. How does this standard help me collect royalty fees?
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Re:It’s not still the early days of blockchain by Dwolb on Saturday January 15, 2022 @01:05PM (#29948662)
You make money upon the sale and transfer of the NFT.
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Re:It’s not still the early days of blockchain by lottin on Saturday January 15, 2022 @02:05PM (#29949191)
I can see that. How would that help with collecting royalty fees in a typical scenario like the one I described?
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Re:It’s not still the early days of blockchain by Dwolb on Saturday January 15, 2022 @02:32PM (#29949412)
I don’t fully understand the point of disagreement here.
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Re:It’s not still the early days of blockchain by lottin on Saturday January 15, 2022 @03:41PM (#29950038)
It's a simple question.
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