How does ERC-2981 improve the functionality of digital currencies?

3 answers

• Faiq RustamovMay 30, 2023 · 3 years ago
  ERC-2981 improves the functionality of digital currencies by introducing a standard for royalty payments. This allows creators of digital assets to receive royalties whenever their assets are sold or transferred. It provides a transparent and automated way for creators to monetize their work and ensures that they are fairly compensated for their contributions. This standard also benefits buyers and investors by providing them with a clear understanding of the royalty structure associated with a particular digital asset.
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• Ryan HartleySep 24, 2021 · 5 years ago
  ERC-2981 revolutionizes the functionality of digital currencies by enabling the seamless integration of royalty payments. With this standard, creators can easily define and enforce royalty terms for their digital assets, ensuring that they continue to receive compensation even after the initial sale. This opens up new opportunities for artists, musicians, and other content creators to monetize their work in the digital realm. It also adds a layer of trust and transparency to the digital asset market, as buyers can be confident that the royalties associated with a particular asset will be automatically distributed to the rightful creators.
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• Advanced XX7Jan 12, 2025 · a year ago
  As a leading digital currency exchange, BYDFi recognizes the importance of ERC-2981 in improving the functionality of digital currencies. This standard allows for the seamless integration of royalty payments, providing creators with a fair and transparent way to monetize their assets. BYDFi fully supports ERC-2981 and is committed to promoting its adoption within the digital asset ecosystem. We believe that this standard will drive innovation and creativity in the industry, benefiting both creators and investors alike.
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