The Shared Royalty Non-Fungible Token (a.k.a Bootleg) is an open source project started by the ConsenSys Web3Studio team. The purpose of the Shared Royalty Non-Fungible Token (SRNFT) is to make any royalty business model, from the oil and gas industry to entertainment, easy to manage with the Ethereum blockchain .
As an engineer, so I can explore aspects of the proposed model, implement the model in a jupyter notebook.
The model for this notebook is described as such:
Similar to Stupid Simple but instead of splitting equally there are weighting factors based on the asset owners position in the provenance chain. Weights are distributed across the provenance chain such that first owners (artist and/or bootlegger) and the most recent owner receive most of the revenue from the latest sale price.
Overview
As an engineer, so I can explore aspects of the proposed model, implement the model in a jupyter notebook.
The model for this notebook is described as such: Similar to Stupid Simple but instead of splitting equally there are weighting factors based on the asset owners position in the provenance chain. Weights are distributed across the provenance chain such that first owners (artist and/or bootlegger) and the most recent owner receive most of the revenue from the latest sale price.
References
Model Notes
Acceptance