BREAKING NEWS! has been acquired by VC firm Morningstar Ventures. Read more

$1.35 -2.82%
ADA · 6w

100% on-chain simple, provable and easy-to-implement solution for setting royalty payment data over locked policy ids or any owned policy id for that matter...aaannnd putting the "Always Fails" plutus smartcontract to good use as a global onchain "royalty registry"

MintedWithLovelace Global Royalty Registry General Idea

Give creators a decentralized/on-chain solution for setting royalties over asset policies, regardless if any 777 token was minted/exists for the given policy and regardless if the policy is now locked and unable to set a standardized policy royalty token.

Proposed Solution

Creator mints a token for any given policy they want to set a royalty over ("target policy"), from the same policy wallet used to mint the target policy.

This token has the following metadata structure:

{ "721": { "___this-777-token-policy-ID___": { "777": { "self": { "type": "all", "scripts": [ { "keyHash": "___owner-keyHash___", "type": "sig" }, { "type": "before", "slot": "this-locking-slot-height" } ] }, "___target-Policy-ID___": [ { "script": { "type": "all", "scripts": [ { "keyHash": "___owner-keyHash___", "type": "sig" }, { "type": "before", "slot": "target-policyid-locking-slot-height" } ] }, "rate": "percentage (e.g. 0.1)", "addr": "addr_payout_address" } ] } } } }

Note: I'm aware that 777 is a top level, in this solution I'm suggesting using 777 as just the token name as a "friendly" reference that this is a to...

Continue on
Recent News
ADA -2.82% · · 2h

Cardano Graduation Day

Tomorrow is the start of a whole new life for Cardano. It's a little like we worked hard in high school & then studied like crazy in college & grad school. T...
ADA -2.82% · · 13h

Cardano fees 500x cheaper than Ethereum

#Cardano transferred the last 24 hours a transaction value of of $10B, that's $2.5B more than Ethereum. Cardano's fee was $76,500 and Ethereum's $38.65M, that's 500x cheaper. Cardano should hire some ...
ADA -2.82% · · 16h

What is Cardano (ADA)? A beginner's guide

Cardano is a smart contract platform working by the principle of a decentralized world computer. ADA is a cryptocurrency native to Cardano.