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The NFT standards need to be updated to include a hook that ensures royalties go to the creator upon transfer. Sadly this is currently impossible as the NFT do
by vmception 5y ago
The NFT standards need to be updated to include a hook that ensures royalties go to the creator upon transfer.
Sadly this is currently impossible as the NFT doesn't store the amount of value it was traded for within it. But it could.
For now, royalties only occur on third party platforms of NFTs.
- dkersten 5y agoSeems that they're doing just what they were intended to: proving ownership, nothing more. Having said that, yes, I think building a concept of royalties in would have been a good idea.