Introducing Programmable Collectibles: Catch-up Upcoming NFTs on Komet

Are you tired of the inconsistencies and messiness surrounding NFT royalties in the current market? 

Brace yourself for a game-changer: ERC721-C, a groundbreaking standard designed to enforce on-chain programmable royalties seamlessly. Say goodbye to workarounds and hello to a new era of transparent and rewarding NFT transactions with Komet social wallet.

Why ERC721-C/ERC1155-C? 

In the chaotic world of NFT royalties, the absence of a solid foundation in the core ERC721 and ERC1155 standards led to a lack of consistency in their implementation across marketplaces. 

Enter EIP-2981, the NFT Royalty Standard, attempting to bridge the gap. However, without a robust enforcement mechanism, on-chain royalties became more of a suggestion than a rule, paving the way for zero-fee, royalty-optional trading and other unfavourable practices.

ERC721-C and ERC1155-C emerge as the heroes, addressing the pitfalls of wash trading and putting the "Non-Fungible" back into NFTs. These standards empower creators by allowing them to choose distribution platforms and control interactions, reinstating the uniqueness and value of NFTs.

Unleashing Creativity: ERC721C’s Programmable Royalties

ERC721-C isn't just about security; it's about unlocking new possibilities for creators and communities. Here are some examples of programmable royalty mix-ins:

• Basic Royalties: Set default collection or per-token royalty settings.
• Minter-Only Royalties: Grant 100% royalties to the minter, with optional rate customization.
• Shared Royalties: Utilise payment splitters to share royalties among creators and token minters.
• Transferrable Royalties: Introduce a secondary NFT for transferring royalty ownership between wallets.

The beauty lies in the mix-ins! By separating programmable royalty logic, ERC721-C allows for easy integration with various royalty systems. Consider combining ERC721-C with immutable minter royalties or explore other compelling royalty-sharing systems. The possibilities are limitless.

Komet's ERC-721C for Banshees: A Real-World Example

The real-world impact of ERC721-C with Komet's implementation for Banshees is an amazing experience! 

By blocking certain marketplaces, including OpenSea, and setting royalties to 50%, Komet ensures what Banshees had been envisioning for their collection launch - PaperHandz. 

With this we have managed to ensure a creator-centric environment, penalising those who sell NFTs against Banshee’s vision.

Conclusion

ERC721-C isn't merely a standard; it's the driving force behind a transformative era in the NFT landscape. 

Join the revolution fueled by Komet, where programmable collectibles redefine the NFT experience. Komet lets you stay ahead of the curve with the most anticipated, trending upcoming NFTs & aggregated collections from NFT marketplaces. 

Embrace the future of NFTs with Komet, and witness your creativity soar with Creator Token Contracts!