The NFT Royalty Standard EIP-2981 Released to Support Artists
- The much-awaited EIP-2981 finally graced the crypto space with its presence last month.
- It focuses on NFT creators’ source of income; royalties.
- Attaching royalty information to the token itself, it enables creators keep a consistent stream of earning.
Last month’s most exciting development for the digital space has undoubtedly been the much-coveted EIP-2981 standard.
To be specific, EIP-2981’s offering focuses on NFT creators and brings a much-needed solution. It offers to attach royalty information directly to the token itself, and with this makes use of a common data store and computation for all participants to access, the Ethereum blockchain.
Now, why is this important? Recent years’ developments brought us the advent of NFTs, and the creation of a new medium for creators to monetize their work. This means not just by selling them...
Read more: https://coinquora.com/the-nft-royalty-standard-eip-2981-released-to-support-artists/
Text source: News – CoinQuora – Latest Cryptocurrency and Block
