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DG Live
  • Introduction
    • 📗Introduction
  • Getting Started
    • 📗Getting Started
  • Marketplace
    • ⛏️Create a New NFT Collection
    • ⛏️Mint an Item in the Collection
    • 👮Metadata Standards
    • 💲Royalty Management
    • 🛍️Buying an item
    • 🛒Selling an item
  • Business Manager
    • 📗Getting Started
    • ⚙️Overview
    • 👱‍♂️Profile
    • 🏠Scenes
      • Scene implementation code
      • Scene Panorama
      • Scene Marketplace
        • Slots
        • Market panorama
      • Scene Scheduling
      • Scene Groups
      • Sharing a Scene
      • Deleting a Scene
    • 📈Market Analytics
    • 🔌API Auth
    • 📘API Reference
  • Developer Resources
    • 📊Marketplace Plugin
    • 🛒Marketplace SDK
      • ⚙️Installation
      • 📪Basic usage
    • 🌐Metaverse SDK
      • Basic Usage
      • Advanced Usage
    • 🔌API Reference
      • Marketplace Methods
      • Business Manager API
    • 📔Smart Contract Reference
      • Methods
        • Buy
        • Sell
        • Cancel
        • BuyForGift
        • isActive
        • getPrice
      • Events
        • Buy
        • Sell
        • Cancel
        • BuyForGift
  • Tutorials & Resources
    • 🏪Creating a metaverse store
      • Creating a Decentraland Scene
      • Create an account on the business manager
      • Place an item for sale
    • 🙌Sample Scene
  • Use Cases
    • ⏯️Exploring Use Cases
    • 🎨Digital Art Gallery in the Metaverse and Web
    • 🖥️NFT Gaming Platform
    • 🎮Virtual Concert Experience
    • 👔Fashion Industry and Virtual Avatars
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  • Overview
  • ERC-2981: Simple and Efficient Royalty Management
  1. Marketplace

Royalty Management

Overview

Learn how royalties are managed by the DG Live Marketplace using the ERC-2981 standard.

ERC-2981: Simple and Efficient Royalty Management

The ERC-2981 standard provides a simple and efficient way to manage royalties on the Ethereum blockchain. This standard defines a universal interface that allows smart contracts to handle royalty payments automatically. By implementing the ERC-2981 standard, DG Live Marketplace ensures that creators receive their fair share of royalties from secondary market sales.

When a creator mints an NFT, they have the option to set the royalty percentage for future sales. This percentage determines how much of the sales proceeds they will receive as the original creator. The royalties are automatically distributed to the creator's wallet upon each sale on the secondary market, ensuring that the creator continues to earn from their work even after the initial sale.

By leveraging the ERC-2981 standard, DG Live Marketplace ensures that creators are fairly compensated for their work, and buyers can confidently participate in the secondary market, knowing that a portion of their purchase will support the original creator.

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Last updated 2 years ago

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