To me that whole royalties spiel was always just marketing to bait non-technical people into adopting the NFT system.
I’ve never seen anyone build and use an enforcable mechanism for a multi transaction chain to pay out to one original address repeatedly. I think at the very least you would always have to hold the NFT in a multi sig wallet between the artist and the current owner, for the artist to have a mechanism to keep enforcing their royalty claims. That would also require involvement of the artist in every further transaction.
Maybe I’m missing something like a smart contract that can fabricate new multi sig transactions on demand with pre-approval of the artist somehow… If anyone knows of something like that I’d be interested in the technical details.
To me that whole royalties spiel was always just marketing to bait non-technical people into adopting the NFT system.
I’ve never seen anyone build and use an enforcable mechanism for a multi transaction chain to pay out to one original address repeatedly. I think at the very least you would always have to hold the NFT in a multi sig wallet between the artist and the current owner, for the artist to have a mechanism to keep enforcing their royalty claims. That would also require involvement of the artist in every further transaction.
Maybe I’m missing something like a smart contract that can fabricate new multi sig transactions on demand with pre-approval of the artist somehow… If anyone knows of something like that I’d be interested in the technical details.