A standard interface for non-fungible tokens that enables artwork creators to receive a fee not only when their works are sold for the first time, but also their works are resold.
This standard outlines a smart contract interface based on ERC-721, which is a standard for non-fungible tokens. The key issue of using it is that an original author who creates an item cannot receive any fees after giving or selling it to another. Creator’s Royalty Token enables creators to get a fee whenever the token is transferred, which has a function of the decentralized exchange. Hence, a partial amount of the transaction value will always be paid to the creator.
Wanted to get feedback from the community.