Royalty Sharing

[jeemclr]

🤔 What is “Royalty Sharing” ?

“Multiple receivers”, “Royalty Split”, “Multiple Wallets”, etc. “Royalty Sharing” on Ternoa is the ability to share royalties from NFT selling with multiple wallets.

Multiple artists can collaborate in the production of an NFT project and get a percentage of future sales on that NFT.
For example, say 3 artists work on an NFT - one artist creates the sound effects, another designs the characters and another handles the animation, they can split the proceeds of royalties from future sales between themselves. The percentage split can be between 10% - 90% based on the agreement between all the parties involved.

🎯 What problems do they solve?

• Automate sharing between contractors
• Securing sharing with contractors

👍 Use cases

1 - Two designers create a collaborative collection of NFTs and want to share royalties as equality.
2 - 5 founders have created a great NFT project. They all have a specific functions in the projects and have decided to get paid only with NFTs sell royalties. They split shares like this → 60/10/10/10/10.

Points still to be worked on

• Is wallets limit ?
• How many participants max?
• What happens when someone die?
• Can a wallet be revoked? Who can revoke someone?