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Yes, processing of the amount of the royalty will be done offchain, but will be auditable and independently verifiable. Disputes can be brought against the dev
by omarfarooq 5y ago
Yes, processing of the amount of the royalty will be done offchain, but will be auditable and independently verifiable. Disputes can be brought against the dev team. We are receiving 50% of the accumulated transaction fee pool to maintain and grow the market; so in the event of mistakes we will be prepared to cover.
All transaction fees will accumulate into a pool and will be callable by addresses only in proportion to their share of the pool.
- danuker 5y agoThnk you for clarity! Indeed, I believe this is the best practical solution. I imagine minting say, a whole PNG, and doing the processing on-chain would be prohibitively expensive. Unless the image were very small and the algorithm very optimized.
- omarfarooq 5y agoCertainly! We've already indexed the Bored Ape Yacht Club collection and have the color hexadecimal used per pixel for all 10,000 of them. Finishing up CloneX Now. We are seeing several color minting strategies spawn, and one of them is minting a color that is often used in one of the more expensive NFT collections. For example, someone minted these shades of red, blue, purple which are prominent in Cryptopunks: https://color.museum/gallery/9786703 https://color.museum/gallery/9786703 & https://color.museum/gallery/6522262 https://color.museum/gallery/6522262 https://color.museum/gallery/9334710 https://color.museum/gallery/9334710 Interesting times ahead!