Send NFT collection royalties to Glue, providing ongoing value to holders. In this model, royalties from secondary sales of an NFT collection are directed to the collection's Glue. This transforms NFTs from purely speculative assets into revenue-generating instruments. Holders benefit from the collection's ongoing success without relying on marketplace buyers. It offers a form of passive income to NFT holders and stabilizes floor prices by providing a minimum backed value.

This approach could revolutionize how NFT projects distribute value to their community and create more sustainable, long-term oriented NFT ecosystems.

• Mechanism: Back NFTs through collection royalties sent to the Glue.
• Impact: Allows holders to benefit financially from the NFT collection's success and sales.
• Benefit: Reduces dependency on specific marketplaces for value realization, opening new avenues for NFT holders to receive value beyond traditional marketplace liquidity.

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To better understand the advantages on Glue for your token and your business model you can find out in Understanding Glue

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Introduction

Directing Royalties to your NFT Collection’s Glue is straightforward - simply Glue your Collection, obtain the Glue address, and transfer the fees directly without any complex implementation needed. This guide explains how to implement this approach using the ERC-2981 standard and major marketplaces.

Implementation

• Determine Your Token or NFT Glue Address
• Sending Protocol Revenues Manually or via a Multisig
• Setting up or updating Royalty Information for Major Marketplaces
• Route your ERC-2981 for On-Chain Royalty to the Glue as Owner

Conclusion

By directing your NFT royalties to your collection's Glue, you're fostering a self-sustaining ecosystem that directly benefits holders. This approach can distinguish your project, offering continuous value and potentially stabilizing NFT prices during market volatility.

Frequently Asked Questions (FAQ)

• How does NFT Royalties Backing work?
• What are the benefits of implementing NFT Royalties Backing?