How can ERC 721 royalties be integrated into existing blockchain platforms?

3 answers

• Nov 23, 2021 · 3 years ago
  One way to integrate ERC 721 royalties into existing blockchain platforms is by creating smart contracts that automatically distribute royalties to the original creators whenever the NFT is sold or transferred. This can be done by including a royalty percentage in the smart contract code and using blockchain oracles to track the sales and distribute the royalties accordingly. By implementing this feature, artists and creators can continue to earn passive income from their NFTs even after the initial sale.
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• Nov 23, 2021 · 3 years ago
  Integrating ERC 721 royalties into existing blockchain platforms requires a combination of technical expertise and collaboration between developers, artists, and platform owners. Developers need to create smart contracts that support royalty distribution, while artists and creators need to ensure that their NFTs are properly tagged with royalty information. Platform owners can then update their platforms to recognize and enforce royalty payments. This integration can help incentivize artists to create more high-quality NFTs and provide them with ongoing revenue streams.
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• Nov 23, 2021 · 3 years ago
  At BYDFi, we believe in the importance of integrating ERC 721 royalties into existing blockchain platforms. By doing so, we can empower artists and creators to earn fair compensation for their work and encourage the growth of the NFT ecosystem. Our team of developers is constantly working on innovative solutions to make this integration seamless and user-friendly. We understand the value of supporting artists and creators, and we are committed to providing them with the tools they need to succeed in the digital art market.
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