4 standards
Standards for the second sale and every one after it: listings and purchase orders, markets that settle a race between buyers, and covenants that make a royalty payment a condition of the transfer.
Also searched as royalty, listing, marketplace, purchase order, resale, secondary sale.
4 standards, spread across 2 of the 12 topics.
A creator's cut on resale only holds while the marketplace chooses to honour it. This builds the rule into the coin itself, so any transfer that skips the payment is rejected by the network rather than by a platform.
Filed under Tokens
Resale and royalties is the main subject of this one.
A creator's cut on resale only holds while the marketplace chooses to honour it. This builds the rule into the coin itself, so any transfer that skips the payment is rejected by the network rather than by a platform.
These are about something else, and deal with resale and royalties on the way.
Right now, if you want to sell access to a song, a page, a video, or a dataset on-chain, you have to invent your own answer to a dozen hard questions: how do I prove I'm allowed to sell this, what exactly did the buyer pay for, how do they get the decryption key, and what happens if someone builds a new song out of three licensed samples. Every app that encrypts content and sells keys for Bitcoin SV payments ends up solving this differently and incompatibly, so a buyer's license from one app means nothing anywhere else.
Selling something once on Bitcoin is easy, but selling it over and over from the same listing without the seller babysitting every sale is hard. Normally you would need the seller online to approve each purchase and each payout to collaborators, which breaks down once there are multiple recipients sharing revenue or the seller wants to walk away. This makes it possible to run a listing that buyers can purchase repeatedly, that pays out to a fixed set of recipients automatically, and that anyone can wind down or settle after a deadline even if the seller disappears.
Right now, if you want to let someone sell a digital item or token from their wallet without being online when it sells, you either trust a central listing service to enforce the price and fee, or you risk a buyer taking the item for free by reusing a badly-signed listing. This describes a way to make an offer that can only ever be completed by paying exactly what the seller asked, with no index holding any keys and no way to skip the agreed fee.
Concepts that keep appearing on the same standards as this one.
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