OpenSea supports ERC-721C programming income standard

Author: zhiyuan sun, cointelegraph; compile: white water, Bit chain vision world

Intangible tokens (NFT) trading platform Opensea increased support for ERC-721C tokens, allowing creators to set up and forced usage fees.

According to the announcement on April 2,The creators on Opensea can now perform revenue through one -click.ERC-721C was launched by the blockchain game company Limit Break in May last year. It solves the problem of NFT cleaning transactions through the standardized tokens (such as taxpartation) of all channels.Before they launch, users can transfer NFT markets to NFT markets that require self -custody wallets and even other NFT markets, which can easily bypass the creator tax commissions on the secondary market (such as Opensea and Blur).

“In the long run, this can be used to inspire zero costs and tax -free transactions through airdrops, effectively transforming irreplaceable tokens into replaceable token agents,”Limit Break explained in a Medium article and added that “traders obtain tokens by conducting NFT cleaning transactions in their wallets, which is not good for the NFT industry.”

According to OpenSea developers, only the DENCUN upgrades on the Ethereum network on March 13 have enabled compatibility with ERC-721C.The platform said: “If you follow the above steps to enforce the income of the creator, only support sales in other markets supported by OpenSea and other markets supported by LimitBreak payment processors.” After deploying ERC-721C contracts on Opensea, the creator can still be onOther markets manually list their digital art, but Opensea will also match the minimum tax on the creators on other platforms.

This function is also compatible with OpenSea’s Seaport 1.6. This version will program NFT programming only under certain conditions, such as changing meta -data based on sales volume.Although it is largely decided by its founders, the NFT franchise use fee is usually between 2.5% and 10% of each sales.Since its birth, the top 10 NFT series has earned more than 345 million US dollars taxes.

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