Every re-sale of an NFT can have (usually has) a percentage go back to the creator. Companies can still control which items they accept or not, while letting people trade items and make the company money with every transaction… without having to lift a finger, without even having to maintain a trading platform.
Friendly reminder that the contract might have badly written code and/or be written in a way to act as malware. Being forced to follow a contract like that makes no sense. See the numerous exploits possible thanks to that kind of feature
Every re-sale of an NFT can have (usually has) a percentage go back to the creator. Companies can still control which items they accept or not, while letting people trade items and make the company money with every transaction… without having to lift a finger, without even having to maintain a trading platform.
And why is that a case for decentralized proof of ownership of a digital good? As long as it is decentralized, it’s trivial to bypass the residual pay
Yeah… nope.
The whole reason of why Ethereum has any value at all, is that it can be decentralized and still force you to follow the rules of the contract.
Friendly reminder that the contract might have badly written code and/or be written in a way to act as malware. Being forced to follow a contract like that makes no sense. See the numerous exploits possible thanks to that kind of feature
Thanks for the reminder. Now go use that to “trivially bypass the residual pay” like you said.
Can’t charge residuals if i’m just moving nfts across wallets instead of selling.