Rarible DAO Demos Programmable NFT Royalties Smart Contracts
Content creators and artists will likely be pleased with the news that there is now a solution for maintaining royalties on non-fungible tokens (NFT) even when a piece is sold on secondary markets.
Rarible DAO has unveiled a system that allows royalties to be programmed directly into the smart contract for non-fungible tokens. Content creators can still receive royalties every time their work is resold.
In a blog post on Sept 7, Rarible DAO explained the concept with a tutorial that does involve a little coding at the smart contract level. Essentially, including a file in the ERC-721 contract and setting parameters enables the defined royalties to be passed on with the NFT.
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