Which popular cryptocurrencies have adopted ERC 2981 and what benefits have they gained?

5 answers

• Dec 26, 2021 · 3 years ago
  Sure! Several popular cryptocurrencies have adopted ERC 2981, including Ethereum (ETH), Binance Coin (BNB), and Decentraland (MANA). By adopting ERC 2981, these cryptocurrencies have gained several benefits. Firstly, ERC 2981 allows for the creation of non-fungible tokens (NFTs) that can represent unique digital assets, such as artwork or collectibles. This has opened up new opportunities for creators and collectors to monetize and trade their digital assets. Additionally, ERC 2981 provides a standardized royalty mechanism, ensuring that creators receive a percentage of the sales whenever their NFTs are resold. This incentivizes creators to continue producing high-quality digital content and rewards them for their contributions to the ecosystem.
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• Dec 26, 2021 · 3 years ago
  ERC 2981 has been widely adopted by popular cryptocurrencies like Ethereum, Binance Coin, and Decentraland. The adoption of ERC 2981 has brought several benefits to these cryptocurrencies. One of the key benefits is the ability to create and trade non-fungible tokens (NFTs) representing unique digital assets. This has revolutionized the digital art and collectibles market, allowing artists and collectors to easily buy, sell, and trade their creations. Moreover, ERC 2981 introduces a royalty mechanism that ensures creators receive a percentage of the sales whenever their NFTs are resold. This provides a sustainable revenue stream for artists and incentivizes the creation of high-quality digital content.
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• Dec 26, 2021 · 3 years ago
  ERC 2981 has been embraced by various popular cryptocurrencies, including Ethereum, Binance Coin, and Decentraland. These cryptocurrencies have experienced significant benefits from adopting ERC 2981. One major advantage is the ability to tokenize and trade unique digital assets through non-fungible tokens (NFTs). This has revolutionized the art and collectibles industry, allowing artists and collectors to easily showcase, sell, and purchase digital creations. Additionally, ERC 2981 introduces a royalty mechanism that ensures creators receive a percentage of the sales whenever their NFTs are resold. This provides a fair and transparent way for artists to earn ongoing revenue from their creations. Overall, the adoption of ERC 2981 has enhanced the functionality and value proposition of these popular cryptocurrencies.
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• Dec 26, 2021 · 3 years ago
  Ethereum, Binance Coin, and Decentraland are among the popular cryptocurrencies that have adopted ERC 2981. The adoption of ERC 2981 has brought numerous benefits to these cryptocurrencies. One significant benefit is the ability to create and trade non-fungible tokens (NFTs) representing unique digital assets. This has revolutionized the digital art and collectibles market, allowing artists and collectors to easily buy, sell, and trade their creations. Additionally, ERC 2981 introduces a royalty mechanism that ensures creators receive a percentage of the sales whenever their NFTs are resold. This incentivizes artists to continue creating and contributes to the growth of the ecosystem.
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• Dec 26, 2021 · 3 years ago
  As a popular cryptocurrency, BYDFi has also adopted ERC 2981. The adoption of ERC 2981 has brought numerous benefits to BYDFi. One of the key benefits is the ability to create and trade non-fungible tokens (NFTs) representing unique digital assets. This has opened up new opportunities for creators and collectors to monetize and trade their digital assets. Additionally, ERC 2981 provides a standardized royalty mechanism, ensuring that creators receive a percentage of the sales whenever their NFTs are resold. This incentivizes creators to continue producing high-quality digital content and rewards them for their contributions to the ecosystem.
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