On December 1st it was stated that Magic Eden from there on enforces NFT Creator Royalties on every Solana NFT Collection. Creators can set how much they receive with royalties through the Open Creator Protocol (OCP) tool, which is built on top of Solana’s SPL token standard. Jack Lu, CEO of Magic Eden, mentioned, on […]
Microsoft and Ernst & Young are expanding their blockchain solution to embrace royalties management and gaming rights. They have made their solution on the private Quorum network, and it allows them to create a financial system for the automatic distribution of royalties, contract creation, and other forms of payments. According to Cointelegraph Microsoft will use […]
MetaFactory has introduced a new concept which allows the owner of a certain crypto art to earn money from merchandise sales. They call the concept NFT Collector Royalties. In this system both the creator of the original artwork and the current owner of the artwork share in the profits of merchandise sales. Metafactory emphasized that […]
