Today, we're excited to introduce Forward, a permissionless protocol for improving NFT liquidity WITHOUT abandoning creator royalties.
The key to preserving royalties is finding a middle ground between the different actors in the NFT market. Here's how:
https://t.co/9anREzNbiG
Today, we're excited to introduce Forward, a permissionless protocol for improving NFT liquidity WITHOUT abandoning creator royalties.
The key to preserving royalties is finding a middle ground between the different actors in the NFT market. Here's how:
https://t.co/9anREzNbiG
@_alexmaceda_@opensea absolutely! if anyone is in the position to take a stand is opensea.
But, on that note, there seems to be new solutions emerging (on the tech side) to protect creators.
https://t.co/sGnIFhm5nK
@theJE11YF15H Another cool thing - the royalty required for withdrawal also uses a floor price oracle. This means if someone uses Forward, and the token significantly appreciates, they are on the hook for a larger royalty if they decide to withdraw the token.
Today, we're excited to introduce Forward, a permissionless protocol for improving NFT liquidity WITHOUT abandoning creator royalties.
The key to preserving royalties is finding a middle ground between the different actors in the NFT market. Here's how:
https://t.co/9anREzNbiG
@theJE11YF15H When the listing is created, the vault verifies that the royalty is in the listing using the royalty registry. To prevent people from selling to themselves cheaply (say 0 Eth) and avoiding royalties, we check to make sure the listing price is within a range of the floor.
The Forward Protocol is code-complete, and will be launching soon after an audit. If you’re a market maker or creator, check out our docs to learn more, or join our Discord for support.
Let’s grow NFT liquidity and adoption together 🤝
https://t.co/9anREzNbiG
Finally, despite our best efforts to design a middle-ground, we appreciate that not all creators will agree. And that should be their decision.
To that end, we’ve made it possible to opt-out of Forward at the protocol level, and will be providing a simple interface for doing so.