Unveiling TreeTrunk at ETHDenver
As the ETHDenver developer conference lights up the blockchain scene, ConsenSys Mesh is ready to drop some serious news on Friday. The incubator is preparing to introduce TreeTrunk, a novel NFT platform designed to tackle the age-old problem of royalty mishandling. Just imagine wanting to collect your tips, but your cash is stuck in a traffic jam—oh wait, that’s not how royalties should work!
The Problem with Current NFT Standards
Today’s NFT landscape might seem shiny and exciting, but there’s a dark cloud looming overhead: the delayed and sometimes entirely ignored royalty payments from secondary sales. Giving creators a fair shake shouldn’t be rocket science, yet many platforms still struggle to ensure immediate and fair distribution of earnings. Welcome to TreeTrunk!
Pioneering the Smart Contract Evolution
TreeTrunk rolls out a fresh smart contract that automatically collects and distributes royalties directly on the blockchain. Want your share promptly? No problem! With this innovative approach, the platform promises that creators, as well as those who sell their work, enjoy a much sweeter deal. And hey, who doesn’t want to see more creators smiling from ear to ear?
Say Hello to Crypto-Lithography
But wait, there’s more! TreeTrunk isn’t just sprucing up royalty payments; it’s challenging traditional markets with a unique method called crypto-lithography. In layman’s terms, think of it like a digital printing press where you can create and sell authorized copies while keeping the original snug as a bug in a rug. Artists can beam with pride as collectors showcase unique, verifiable prints, thanks to the magic of zero-knowledge cryptography – it’s like having your cake and eating it too!
The Community Aspect: Building an NFT Family Tree
Visionary John Wolpert spills the beans on how TreeTrunk fosters not just commerce but community. Artists can create an “NFT family tree” where first and second-generation NFT holders band together to form a supportive ecosystem. This could pave the way for influencers to thrive financially while building genuine relationships. Who knew NFTs could become the new online family reunion?
Legal Rights and Intellectual Property Control
In the ceaseless march toward innovation, the legal side of NFTs often gets lost in translation, leaving creators on shaky ground regarding their own intellectual property. Enter Ira P. Rothken, another co-founder of TreeTrunk, who seems set on turning this situation upside down. With TreeTrunk, the license agreement is now part and parcel of the NFT metadata. This means clearer terms, fewer surprises, and—fingers crossed—more happy creators!
Join the TreeTrunk Revolution
As the conference progresses, a sneak peek into the TreeTrunk marketplace will showcase selected works from peer artists for collectors to sample. Artists and collectors can finally unite for a cooperative-first NFT approach that cries out for sustainability and empowerment. So, whether you’re an artist or just looking to support your favorite creators, TreeTrunk aims to build bridges within the blockchain community.
