rmrk-team / rmrk-spec

The RMRK NFT Specification
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RIP-0015 Royalties after migration RMRK2 -> RMRK3 = SUBSTRATE ACC-> EVM ACC #45

Open TrickyNFTs opened 2 years ago

TrickyNFTs commented 2 years ago

RIP Summary

RMRK2 royalties will link to some substrate (KSM) adress that doesn't match the network in which the fees will be paid after migration to RMRK3 (EVM address on MOVR/GLMR)

Examples

Royalties linked to account [substrate] will be hardcoded into the NFT, after migration the network will be on EVM with $MOVR/$GLMR. Thus the % for royalties can't be redirected to the substrate address.

Open Questions

Possible Solutions to consider:

Impact

Migration to RMRK3 might "kill" royalties for older collections if no solution comes up. That would mean migrating collections would be disadvantagous for artists. Without migration RMRK NFTs might be scattered around on RMRK1, RMRK2 and RMRK3 plattforms.