Royalties on time, please. Details about TreeTrunk, a new NFT platform aiming to ensure royalty-derived payments, will be revealed on Friday by Ethereum co-founder Joseph Lubin at ETHDenver.
As the ETHDenver developer conference gets underway, the incubator ConsenSys Mesh told Cointelegraph that it's planning a Friday announcement regarding a new addition to its portfolio.
According to the company, TreeTrunk has introduced a pioneering smart contract that collects and distributes royalty payments from the secondary sales of NFTs immediately and securely on the blockchain. Current NFT standards may not enforce instant collection or distribution of royalties on a chain to the creator, and less so to both creators and distributors.
"Supplying an important new ERC to the community as a standard and open-source reference implementation is serving the long term vision of expanding what NFTs can do on the blockchain."
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