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Not only will creators receive royalties so will the previous owners of that unique NFT. All enforced through on chain smart contracts! More info soon! 🥳
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This is going right over many peoples heads! twitter.com/mookah_f/statu…
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19/ The MINIMUM FLOOR SOLVES THIS! Now a famous artist who sells valuable artwork can set a minimum price for their NFTs, and thus never have to fear the reputational damage that comes from their artwork being sold on the cheap.
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25/ For more programmable royalty implementation examples, see our blog post. Link below:
medium.com/limit-break/in…
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WE ARE LIVE!!! @DigiDaigaku collab with @EtherOrcs is running now! Go win those prizes!!!! 🥳 twitter.com/EtherOrcs/stat…
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I TOLD YOU I CANT LOSE! IM TOO OP twitter.com/NFTkrit/status…
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15/ Read the How-To-Guide in the blog post for IMPORTANT DETAILS on how to build with our library.
medium.com/limit-break/in…
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17/ Coming in version 1.1, we will be introducing the concept of the MINIMUM FLOOR. It will allow creators to define a minimum sale price for their NFTs on-chain for the FIRST TIME EVER!
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26/ Including collectors as stakeholders for royalties is a powerful way that creators can align incentives with their community of NFT holders. This builds value for NFT collectors that was previously not possible and will work into perpetuity thanks to smart contracts.
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27/ The community release of CREATOR TOKEN CONTRACTS is an important step toward improving NFTs. We can’t wait to see what creators will build with it in 2023 and beyond!
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20/ Minimum Floors can be used in many ways by game developers to impact the balance of their in-game economies, which will make for better gaming experience for players. This can help insulate in-game economies from external and macroeconomic factors.
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24/ One example of collector royalties is that the original user that MINTED an NFT gets royalties on that individual NFT FOREVER. Affiliates, on the other hand, can earn royalties on NFTs minted from their referrals.
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Exchanges are turning NFTs into worthless intermediaries for earning coins. If NFT liquidity is the problem why collect NFTs when you can trade coins? That’s exactly what’s happened.
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14/ Some incentives that can be used include, but are not limited to:
- Stake to Reveal
- Stake for Rewards
- Rentability
- Guaranteed Minimum Floor Prices
- Programmable Royalties For Collectors & Affiliates
- In-Game Utility
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Everyone responding to this post is like “I don’t have a dad” lmfaooooo ☠️
CEO @LimitBreak / @FreeNFT / @Digidaigaku