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As far as I understand it, some NFTs are built where the original creator gets some percentage of every sale.
by nerdwaller 6y ago
As far as I understand it, some NFTs are built where the original creator gets some percentage of every sale.
- Proven 6y agoThat's how it already works for DRM-protected content, without the overhead of NFTs.
- detaro 6y agoHow can the contract know the actual sales price? I.e. sure, it can see a transaction, but it can't see the second transaction with the rest of the sum, or the cash that changed hands at the same time.
- judge2020 6y agoMy understanding is that the USD value attached to an NFT is just the equivalent of however much ETH is being traded. If some outside monetary platform is being used to exchange the item then the real price wouldn’t be known.
- seibelj 6y agoThe major NFT exchanges like OpenSea and Mintable enforce it in the marketplace. But otherwise it's mostly honor system right now.
- detaro 6y agoSo basically the same way it's done with traditional meatspace paintings: you make a (legal) contract stipulating it, or you rely on people to do it because they think it's right.