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.
Model is described as such:
Similar to “profit only” but purchase eth is stored as collateral to be released back to the purchaser after the sale of the asset. Profits from the difference between purchase and sale are split. The eth collateral helps encourage the owner/purchaser to protect the asset. Price of asset set to bonded curve so payout is predictable based on current price and available token supply. Similar to profit-only, owners position in the ownership provenance affects revenue payout
Overview
As an engineer, so I can explore aspects of the proposed model, implement the model in a jupyter notebook.
Model is described as such: Similar to “profit only” but purchase eth is stored as collateral to be released back to the purchaser after the sale of the asset. Profits from the difference between purchase and sale are split. The eth collateral helps encourage the owner/purchaser to protect the asset. Price of asset set to bonded curve so payout is predictable based on current price and available token supply. Similar to profit-only, owners position in the ownership provenance affects revenue payout
References
Model Notes
Acceptance