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.”
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?
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.
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?