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Home»NFT»Neo finalizes royalty standard for NFTs
NFT

Neo finalizes royalty standard for NFTs

2024-04-26Updated:2024-04-26No Comments1 Min Read
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Neo has finalized its NFT royalty normal, assigned as NEP-24. The usual describes an extension to NEP-11 NFT good contracts that may permit them to reveal royalties to be honored on re-sales of the asset.

The usual describes the implementation of a brand new methodology, royaltyInfo, which NFT contracts can add and use to specify single or a number of royalty recipients. Royalty quantities are specified on a per-recipient foundation, and may be calculated dynamically by a market relying on the sale worth.

This mechanism ensures that totally different NFT marketplaces can agree on the right figures to pay out. As well as, supporting the usual requires marketplaces to emit a brand new occasion, RoyaltiesTransferred, as soon as for every payout recipient.

Two implementation examples have been offered as a part of the usual. The primary is taken from a Python NFT template by GhostMarket, an early adopter of the usual, and the second was added as a brand new C# NFT contract instance within the neo-devpack-dotnet.

Builders can learn extra about the usual and tips on how to combine it with their very own tasks on the hyperlink beneath:
https://github.com/neo-project/proposals/blob/grasp/nep-24.mediawiki

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See also  OpenSea Working on 2.0 Platform Upgrade Tracking Solana NFTs and Ordinals
finalizes Neo NFTs Royalty Standard
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